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

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

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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

KIRAN SHARMA, Nikkei staff writer

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.

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