Shunning wasteful expenditure is crucial for India’s robust, long-term growth. Read more at straitstimes.com.
NEW DELHI - India will unveil its budget Wednesday, testing Prime Minister Narendra Modi’s fiscal mettle seen as key to boosting investor sentiment, even as it will likely leave less room for handouts a year before he seeks a third term.
India recently restructured the world’s biggest food programme and trimmed energy subsidies to enable about 1 trillion rupees in government savings. Fiscal consolidation is in keeping with Mr Modi’s first budget in 2014. He’s expected to further burnish those credentials as he becomes the first to lead what is likely now the world’s most-populous nation.
“Fuel costs are hurting us the most right now,” said Ms Nupur Kaushik, a 37-year-old New Delhi resident, who also seeks lower taxes and incentives for working women.
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