India to spend $37 billion on major subsidies in 2015/16

NEW DELHI (Reuters) - India is expected to spend 2.27 trillion rupees ($37 billion) on major subsidies during the fiscal year starting April 1, according to budget proposals presented by Finance Minister Arun Jaitley on Saturday.

($1 = 61.6489 rupees)

(Reporting by Manoj Kumar; Editing by Clara Ferreira Marques)