Budget 2020 likely to raise spending to revive economic growth: Report

Topics Budget 2020 | Income tax

Indian Prime Minister Narendra Modi's government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said. India is facing its worst economic slowdown in a decade.

Growth slipped to 4.5% in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each year. Despite cuts in corporate taxes and monetary easing by the central bank, investments have failed to pick up,.....

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