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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.

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