India Presents Steady Budget Focusing on Growth Over Pre-Election Freebies
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Finance Minister Sitharaman presented an interim budget focusing on fiscal responsibility rather than pre-election freebies.
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India's economy is forecast to grow 7.3% this year despite global turmoil, with the fiscal deficit declining steadily.
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In contrast to 2019, the BJP now feels confident to win the next election based on performance, not freebies.
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The budget highlighted the government's achievements across sectors over the last 10 years.
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Sitharaman has reason to boast as India has been an "island of stability" with strong growth compared to struggling neighbors.