NEW DELHI: India pledged to spend US$5.2bil (RM22bil) to double the income of struggling farmers and also boost a rural employment scheme as it unveiled its annual budget under pressure to balance much-needed spending with fiscal prudence.
India is now the world’s fastest-growing major economy, but years of drought and a failure to create jobs for a burgeoning young population has left millions of rural Indians struggling and led to deadly protests in recent weeks.
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