Indian Prime Minister Narendra Modi delivers a speech during a plenary session of the Eastern Economic Forum in Vladivostok, Russia September 5, 2019. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS
NEW DELHI: India unveiled new measures involving a more than $7 billion boost to exporters and housing projects, as part of efforts to revive a flagging economy.
A program to refund taxes and levies for export promotion will be effective Jan. 1 and involves forgoing 500 billion rupees ($7 billion) in revenue, Finance Minister Nirmala Sitharaman told reporters in New Delhi on Saturday.
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