India hikes spending, shuns ‘outright populism’ in last pre-election budget

Capex to rise 33% to 10 trillion rupees in 2023/24 Govt targets gross borrowing of 15.43 trillion rupees Eyes fiscal deficit of 5.9% in 2023/24, 4.5% by 2025/26 NEW DELHI, Feb 1 (Reuters) – India announced on Wednesday one of its biggest ever increases in capital spending for the next fiscal year to create jobs … Read more