Government will expand federal guarantees on loans to businesses to $60.7 billion from an earlier limit of $40.37 billion, says Finance Minister Nirmala Sitharaman.
Finance Minister Nirmala Sitharaman unveils budget for fiscal 2020/21, vowing to boost income of Indians and their purchasing power in a bid to revive domestic economic growth.
Indian PM Modi's government has set a target of growing India into a $5 trillion economy by 2024-2025 from $2.7 trillion – through higher investment, savings and exports.
Washington is in a tricky position with India. It wants to bolster ties with the Asian giant to counter China's assertiveness, a trend which has also rattled New Delhi.
Corruption allegations surrounding the Indian government's aviation deal with France have the potential to lead to a defeat for Modi's government in the upcoming election.
US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis are in India where they are looking to shore up Washington’s alliance with New Delhi.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2021 TRT World.