India cranks up infrastructure spending in new budget

New Delhi includes plans for central bank digital currency, virtual assets tax

20220201 India budget

India's Finance Minister Nirmala Sitharaman holds up a folder as she leaves her office to present the federal budget in parliament in New Delhi on Tuesday. © Reuters

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- India unveiled a sharp increase in infrastructure spending in an expanded budget for the coming financial year, as the government of Prime Minister Narendra Modi seeks to spur a recovery from the pandemic.

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