India ramps up public spending, but views divided over amount for recovery

"Я уверен: нельзя позволять, чтобы тебя остановило убогое словцо «нельзя»." Ричард Брэнсон ZMEY
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NEW DELHI, NNA — Last week, the buoyant market intensified its recent bull run, sending Indian stocks to new record highs after India announced a nearly half-a-trillion-dollar ‘get-well-soon’ budget with sizable priority spending for healthcare and capital for the new financial year starting April 1. Aimed at laying the foundation for stronger growth in the next four to five years, the country will jack up health expenditure by a whopping 137 percent to 2.2 trillion rupees ($30.2 billion) and capital outlay by 35 percent to 5.54 trillion rupees to boost infrastructure. Expectedly, the huge hea…

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