India unveils fire-fighting budget to placate voters, sustain growth
Finance minister sticks to his fiscal deficit target of 3.5% of gross domestic product for the 2016/17 fiscal year
Tue, Mar 01, 2016 - 5:50 AM
Mr Jaitley's budget gets a cautious thumbs up from financial investors with the rupee, bonds and stocks buoyant. Ratings agencies also gave their cautious backing to a spending package that produced no nasty surprises on the borrowing side.
INDIA unveiled a fire-fighting budget on Monday that seeks to win back support among rural voters for Prime Minister Narendra Modi's government and sustain growth against a grim global backdrop - all without borrowing more.