Hirunews Logo
India%27s+Modi+goes+slow+on+budget+reform.
Sunday, 13 July 2014 - 16:56
India's Modi goes slow on budget reform.
2,998

Views
The maiden budget from India's new right-wing government has promised a return to high growth -- but disappointed some who hoped Premier Narendra Modi might use his thumping mandate to unleash radical change.

The Bharatiya Janata Party government opted for small steps in last week's budget, in what it called "the beginning of a journey" after winning in May the biggest electoral majority in 30 years.

While some economists felt Finance Minister Arun Jaitley should have been bolder, Deepak Lalwani, head of financial consultancy Lalcap, said it was not "realistic to have 'big bang' reforms so quickly".

Jaitley pledged faster economic growth, tighter fiscal discipline, greater openness to foreign investment and revamped infrastructure.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
Sri Lanka hit by adverse weather
Thursday, 07 December 2017 - 15:17
Sri Lanka's weather pattern has changed a lot now.Experts say it is a result of climate change.Over the last few days, many parts of the island were affected... Read More
News Image
Hiru News Programme Segments
19 Views
6,261 Views
5,950 Views
13,554 Views
243 Views
7,780 Views
Top