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With focus on rural sector, Budget 2018 boosts Modi's re-election chances

Jaitley announced plans to introduce "the world's largest government funded health care programme", saying it would cover some 500 million of the country's poorest people

Reuters  |  New Delhi 

Eyeing an election next year, the Indian government announced massive spending for rural areas and projected economic growth above 8 percent in an annual budget on Thursday that won broad approval from economists, though bond and share markets fell. Delivering the last full annual budget before an election that will fall due by May next year, Finance Minister Arun Jaitley allocated 14.34 trillion rupees ($225.50 billion)for rural infrastucture spending and extra support for farmers. Jaitley also announced plans to introduce "the world's largest government funded health ...

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First Published: Thu, February 01 2018. 18:33 IST
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