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Investors seek concrete details in India budget

A disappointing interim budget in July and failure to pass key legislation have only raised the stakes

A metro railway under construction in Kolkata. More funds for roads, bridges, and ports are crucial to spur an economy where private investment as a share of GDP is at the lowest in at least a decade.


IF Morgan Stanley is right, Prime Minister Narendra Modi's first full-year budget on Feb 28 may be the most important since India opened its economy in 1991.

Expectations for Mr Modi have been high since his party won India's biggest mandate in 30 years last May. A...

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