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MUMBAI – The upcoming Interim Budget may alter India’s consumption story, as it will its political economy, for better or worse.
The buzz is that the ruling Bharatiya Janata Party, stung by recent electoral defeats, may announce major populist schemes to support distressed farmers in the Interim Budget for 2019-20 (Apr-Mar) on Friday.The pressure to further expand the farmer welfare programme ahead of the 2019 national elections are high for Prime Minister Narendra Modi, CLSA’s India Strategist Mahesh Nandurkar said in a report.The pressure has compounded after the Indian National Congress promised a minimum income guarantee if elected back […]
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