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India's budget likely to raise spending to revive economic growth

India's budget likely to raise spending to revive economic growth

Tuesday, January 28, 2020, 8:11 PM

Indian PM Narendra Modi's government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said. India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each year.
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