HIGHLIGHTS-India unveils budget aimed at boosting infrastructure and foreign investment
- Country:
- India
India on Friday unveiled a budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second term in power. Here are the highlights of Finance Minister Nirmala Sitharaman's budget for the 2019/20 fiscal year beginning April 1: INVESTMENT
* India will ease foreign direct investment restrictions in single-brand retail * Will open up FDI in aviation, insurance, media and animation sectors
* Important to get retail investors to invest in treasury bills ECONOMY AND INFRASTRUCTURE
* India will become a $3trn economy in the current fiscal year, and a $5trn economy in the next few years * India to invest heavily in infrastructure and job creation
* The government will carry out a restructuring of highway building programme to ensure enough capacity is created * Railway infrastructure will need an investment of $72bln between 2018 and 2030
* India will enter into aircraft financing and leasing activities
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- India
- Narendra Modi
- Bharatiya Janata Party
- Nirmala Sitharaman
- government
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