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Modi 2.0 seeks to reverse weakening growth, investment with Budget 2019

Modi has set a target of growing India into a $5 trillion economy by 2024-2025 from $2.7 trillion

Reuters  |  New Delhi 

Prime Minister Narendra Modi's government unveiled the budget for 2019-2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election victory. Finance Minister Nirmala Sitharaman, presenting the annual budget statement to parliament, said the government planned structural reforms to kickstart foreign and domestic investment. Modi has set a target of growing India into a $5 trillion economy by 2024-2025 from $2.7 trillion that a government report on Thursday said will be done on the back of higher investment, ...

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First Published: Fri, July 05 2019. 12:09 IST
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