Tag Archives: cuts taxes to spur growth

MUMBAI: India relaxed its fiscal deficit target Saturday, raising spending and slashing taxes as it seeks to attract foreign investment and increase consumption in the wake of a prolonged economic slowdown. Finance Minister Nirmala Sitharaman announced the changes as part of the country’s annual budget in parliament, a day after official data showed that Asia’s third-largest economy grew five per …

MUMBAI: India relaxed its fiscal deficit target Saturday, raising spending and slashing taxes as it seeks to attract foreign investment and increase consumption in the wake of a prolonged economic slowdown. Finance Minister Nirmala Sitharaman announced the changes as part of the country´s annual budget in parliament, a day after official data showed that Asia´s third-largest economy grew five percent …