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