NEW DELHI -- Indian Prime Minister Narendra Modi's government on Wednesday will present its last full annual budget before next year's general election, likely walking a tightrope between fiscal prudence and spending that would appeal to voters.
Economists say Modi's finance minister, Nirmala Sitharaman, could again look to fuel growth and employment by increasing capital expenditures -- money spent to create long-term assets such as railways, roads, power infrastructure, telecommunications networks and affordable housing. In the last budget, such spending rose 35.4% to 7.5 trillion rupees (about $100 billion at that time).
