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Economy

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.

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