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NEW DELHI — India struck a balance between greater spending on jobs and rural development while narrowing the fiscal deficit in its 2024-25 budget unveiled on Tuesday (July 22), after last month's election setback for the government.
India’s middle class is much poorer than China’s after decades of strong growth despite starting at a similar base.
The South Asian country is estimated to have lost $1.2bn in revenue over the past five days with its vital garment exports sector hit badly.
NEW DELHI (AP) — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power.
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