Experts: India’s growth hopes diminish as budget sidesteps bold reforms

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MUMBAI, Feb 2 — India’s annual budget announcement was a bigger deal than usual this year: As the first full budget of P...

Plans for large-scale privatisations of state-owned enterprises, aiming to reinvigorate them by reducing government involvement, have also faltered, with the government now opting to put fresh funds into ailing state firms.

But the year’s top economic policy event opted mainly for short-term economic relief through middle-class tax cuts, while passing up a chance to go big on reforms needed to reignite rapid growth — once the envy of the world at more than 8 per cent.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndiaJapanSingapore

Topics: India budget Narendra modi India jobs Tax cuts India economy

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2025-02-02 @ 16:45:55 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 832 words

Reading Time: 5 minutes read

Sentences: 25 lines

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News ID: 25722119

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