Budget 2022: India to lay out plan to keep world's fastest recovery going

India is set to present an annual budget topping $500 billion Tuesday, in one of its most keenly watched economic events seen pivotal to sustaining the nation’s recovery from pandemic-induced disruptions.
 

Finance Minister Nirmala Sitharaman is expected to channel more spending toward policies that create jobs, boost manufacturing and also benefit the poor. The growth-boosting focus may leave the government with a budget shortfall equivalent to 6.1% of gross domestic product in the year beginning April, analysts predict.

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While the fiscal deficit forecast is narrower than the 6.8% gap targeted