ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

India doubles health care outlay in budget for next fiscal year

Government lifts FDI ceiling in insurance and expands credit lines to farmers

Finance Minister Nirmala Sitharaman, with Minister of State for Finance and Corporate Affairs Anurag Thakur, left, as she leaves her office to present the budget in parliament on Monday.   © Reuters

NEW DELHI -- Aiming to revive an economy battered by the coronavirus pandemic, India on Monday unveiled a budget that included proposals to more than double its health care outlay to over 2.2 trillion rupees ($30 billion) and raise the ceiling on foreign direct investment in the insurance sector.

"Our fight against COVID-19 continues into 2021," said Finance Minister Nirmala Sitharaman. She highlighted six key pillars of the country's budget for the financial year starting in April -- health and well-being; physical and financial capital, and infrastructure; inclusive development; reinvigorating human capital; innovation and research and development; and minimum government and maximum governance.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more