ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

New India budget unlikely to give big growth boost, say analysts

Rich people and companies not expected to spend any windfall from stimulus

India's Prime Minister Narendra Modi is struggling to maintain growth as the economy slows and the country is racked by protests over his government's new citizenship law.   © Reuters

NEW DELHI -- Amid a slowing economy, rising inflation and massive anti-government protests, the government of Indian Prime Minister Narendra Modi is set to present on Saturday its budget for the fiscal year beginning April with a crucial task at hand: revive demand to spur economic growth.

It will not be easy. "Given the fiscal constraints, the options are very limited," Sunil Kumar Sinha, principal economist at the Fitch Group's local arm India Ratings and Research, told the Nikkei Asian Review.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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