Insight - India’s budget poses a risky recovery plan

Finance Minister Nirmala Sitharaman says she will attract private investment by stepping up capital expenditure, which is forecast to jump by 25% in the fiscal year that starts on April 1 to 7.5 trillion rupees (US$100bil or RM419bil).

THIS being the 75th year of India’s independence, Prime Minister Narendra Modi’s government decided to market its annual budget as a blueprint for the next quarter century.

“GatiShakti,” which is Hindi for kinetic energy, is Modi’s idea for speeding up the movement of goods and people.