India considering 500b rupee stimulus spending in 2017/18 - govt sources
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW DELHI] The Indian government is considering a plan to loosen the fiscal deficit target so that it could spend an additional 500 billion rupees (S$10.5 billion) in the financial year ending in March 2018, two government sources said on Thursday.
Both the officials declined to be named as the plan, aimed at reviving economic growth, is still to be made public.
On Wednesday, Finance Minister Arun Jaitley said the government was looking for ways to lift economic growth, which slipped to a three-year low of 5.7 per cent in the quarter to end-June.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
