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India’s 2021-22 budget measures to augment growth momentum
India’s finance minister announced budget for 2021-22 on Monday. The fiscal deficit is set at 9.5% of GDP for FY'21 and at 6.8% for FY'22. The budget has mentioned clearly that fiscal deficit will be around 4.5% till FY2025-26. IMF has highlighted in its recent World Economic Outlook growth of 11.5% in 2021 and 6.8% for FY'22. The budget proposal was focused on six pillars 1) Health & Well-being, 2) Physical & Financial capital infrastructure, 3) Inclusive Development for Aspirational India, 4) Reinvigorating human capital, 5) Innovation and R&D, and 6) Minimum Government, Maximum Governance. The finance minister highlighted strong measures to augment growth momentum for the years to com

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