India's budget promises big spending despite fiscal deficit woes — Quartz India
This post has been corrected. With the Covid-19 pandemic rampaging the global economy, governments across the world are trying to maintain a balance between spending to spur growth and holding back for long-term survival. India, it seems, has decided to go with the former. In its ninth union budget, the Narendra Modi government today (Feb. 1) announced massive expenditure on areas such as infrastructure and healthcare in fiscal 2021-22 (April-March). While spending in health-related areas is needed to fight the coronavirus pandemic, investments in infrastructure are aimed at creating more job...