Budget likely to increase spending to spur growth

Finance Minister Nirmala Sitharaman, who will present her second full-year annual budget to parliament, could defer the earlier target of cutting the deficit to 3% of gross domestic product in 2020/21 by at least two years. The government may set a deficit target of 3.6% of GDP for 2020/21, up from 3.3% targeted for the current year.

from Economy-News-Economic Times https://ift.tt/2u07dcF