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Economy

Expectations for India's 2019-20 interim budget

Updated : February 01, 2019 08:16 AM IST

After a string of recent setbacks in key state elections for Modi's Bharatiya Janata Party (BJP), the government is expected to woo rural and urban middle-class voters via farm relief measures and tax cuts.
The government is expected to project economic growth of around 7.5 percent for the next financial year, while expanding capital spending on railways, roads and ports by 7-8 percent.
An anticipated corporate tax rate cut to 25 percent from 30 percent may be put on hold until after the elections.
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