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Union Budget 2019: India proposes opening up insurance, aviation wider to help revive growth

Updated : July 05, 2019 01:55 PM IST

Finance Minister Nirmala Sitharaman unveiled the proposals while presenting the budget for the fiscal year ending March 31, 2020 to parliament, the first since the government was re-elected in a vote in April and May.
Economists say scaling up Asia's third-largest economy in rapid fashion will need bold reforms including freeing up land and labour markets, which Modi shied away from in his first term for fear of political backlash.
Union Budget 2019: India proposes opening up insurance, aviation wider to help revive growth

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