Prime Minister Narendra Modi’s first budget since sweeping to victory in the recent national election has sought to boost investments while continuing his government’s focus on social sector spending.
In her maiden budget speech Finance Minister Nirmala Sitharaman announced plans to sell India’s first global sovereign bonds and ease rules for overseas investors to help revive economic growth -- amid much table-thumping by her party members and allies as the opposition silently looked on.
Here’s a short list of winners and losers from the announcements today.
WINNERS
State-Run Banks
A plan to infuse capital worth Rs 700 billion ($10 billion)