Showing posts with label Asia's third largest economy. Show all posts
Showing posts with label Asia's third largest economy. Show all posts

Thursday, 10 July 2014

India budget: Arun Jaitley unveils reform plans

India's new government is lifting some caps on foreign investment, tightening borrowing limits and plans to introduce a goods and services tax as part of what it calls a "budget for growth".
Finance Minister Arun Jaitley said India's people were "exasperated" after two years of economic slowdown.
India's economy has slowed markedly in recent years, growing by 4.7% in 2013-14. In 2010-11, growth was 8.4%.
Mr Modi's government has promised reforms aimed at creating jobs.
The budget is also expected to