India doubled down on its commitment to boost spending, as it expects the benefits to trickle down to the economy staging a world-beating recovery from the pandemic.
“This budget continues to provide impetus for growth,” Finance Minister Nirmala Sitharaman said in Parliament in New Delhi on Tuesday. Benchmark stocks were trading up 1.3% at 11 a.m. in Mumbai, as she started presenting the annual spending plan for the fiscal year beginning April.
The budget is one of the most keenly watched economic events with businesses, investors and India’s 1.4 billion people looking to it for direction