SUBSCRIBERS
Falling oil prices to pull India's budget out of deficit trap
Published Thu, Feb 5, 2015 · 09:50 PM
New Delhi
FALLING oil prices have been a major windfall for India: Just weeks ago it faced the prospects of failing to meet fiscal deficit targets, but can now expect a budget that not only hits its targets, but also provides extra cash to support reform.
The coming budget for fiscal 2015/16 (April-March), which will be unveiled on Feb 28, is widely seen as a test of Prime Minister Narendra Modi's ability to lead economic reform.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing