Modi’s modest stimulus not seen to nudge India beyond dipping growth
Taxpayers bemoan corporate-friendly budget while government pushes ahead with privatisations
03 February 2020 - 18:46
New Delhi — India’s new federal budget is unlikely to drag Asia’s third-biggest economy out of its worst slowdown in more than a decade as the government has proposed only moderate spending increases and small cuts in personal taxes, economists said on Sunday.
They said there was a risk the government might miss its fiscal deficit target for 2020/2021 as it was dependent on raising almost $30bn from the sale of stakes in state-run firms and financial institutions to meet ambitious revenue goals...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.