ARTICLE · 10 MARCH 2015

India’s Game-Changing Budget Puts Emphasis On Infrastructure

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India’s latest budget promised to bring a quantum leap to the country’s economic growth; our local expert, and President of the Bombay Chartered Accountants' Society, gives his view.

IndiaGovernment, Public Sector

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India's latest budget promised to bring a quantum leap to the country's economic growth; our local expert, and President of the Bombay Chartered Accountants' Society, gives his view.

The world is predicting India will overtake slowing China to become the world's engine of growth in the next decade. But India is not without its issues, and the hope of transforming the country lies on the shoulders of Prime Minister Narendra Modi's government elected with a landslide victory nine months ago.

Last Saturday, India's Finance Minister Arun Jaitley presented his first full year budget with progressive growth-oriented and investment-friendly measures that look set to jumpstart the economy. It has been seen by many as the most important budget since the one that eventually liberalised the Indian economy in 1991.

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