Feb. 24 – Finance Minister Pranab Mukherjee will reveal India’s budget for the fiscal year 2010-2011 this coming Friday in a speech to the Indian Parliament.
The contents of the budget are crucial this year especially as India climbs out of the economic downturn, and the business friendly Congress Party looks to balance books, encourage commerce, but still deal potentially with the continuation of the economic stimulus plan.
The expectations and make-up of the budget therefore are critical to understanding how and where India will generate finance from and what sectors will be singled out for development. How the government intends to deal with inflation is also a key issue.
Angel Securities have kindly provided a 55-page special report of what to expect in the budget. Businesses interested in investing in India should take note of this important document.
The budget itself can be followed live on webcam here.
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