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Al Jazeera
Al Jazeera
Business
Nitin Sethi

India’s budget for new financial year to be in tough constraints

Indian Prime Minister Narendra Modi’s government will present its last budget for a full financial year before the country faces elections in the first half of 2024 [File: Bhumika Saraswati/AP Photo]

New Delhi, India – On February 1, Indian Prime Minister Narendra Modi’s government will present its last budget for a full financial year before he, and his party, the Bharatiya Janata Party (BJP), face elections in the first half of 2024 and he seeks a mandate to govern the country for the third consecutive time.

Modi’s government will have to provide for economic growth and a wider social welfare package at a time when global economic headwinds and domestic economic factors make it tough for India to do any better.

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