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India's 2020 budget gives farmers $40bn for development

Deficit widens as Modi government looks to lift economy and shore up revenues

The budget allocates 2.83 trillion rupees to farm and rural sectors.   © Reuters

NEW DELHI -- Indian Prime Minister Narendra Modi's government presented a budget on Feb. 1 that would pump in billions of dollars in agriculture, water and infrastructure projects in a bid to fix a slowing economy and fuel demand.

"Farmers desire integrated solutions covering storage, financing, processing and marketing," Finance Minister Nirmala Sitharaman said, presenting the country's budget for the financial year beginning April.

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