Arun Jaitley unveils reform plans
Thursday, 10 July 2014 - 15:04
India's new government is lifting some caps on foreign investment, tightening borrowing limits and plans to introduce a goods and services tax as part of what it calls a "budget for growth".
Finance Minister Arun Jaitley said India's people were "exasperated" after two years of economic slowdown.
India's economy has slowed markedly in recent years, growing by 4.7% in 2013-14. In 2010-11, growth was 8.4%.
Mr Modi's government has promised reforms aimed at creating jobs.
The budget is also expected to contain measures designed to slow inflation.
"We shall leave no stone unturned in creating a vibrant and strong India," Mr Jaitley told reporters ahead of presenting the budget.
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