Indian Prime Minister Narendra Modi’s government has presented its annual budget, aiming to sustain growth amidst volatile financial markets and trade uncertainty. Finance Minister Nirmala Sitharaman outlined a budget of $583bn for the 2026-2027 financial year, focusing on infrastructure and domestic manufacturing. Despite global challenges, India’s economy remains one of the fastest-growing, with a projected GDP growth of 6.8 to 7.2 percent. The government plans to boost manufacturing and investments in key sectors while reducing the federal government debt-to-GDP ratio and fiscal deficit.
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