Govt belongings could also be bought to fund spending

New Delhi, December 30

India is likely to spend more next fiscal than this year’s budgeted $415 billion and prioritise infrastructure projects, relying on asset sales of around $40 billion for some of the funding, two people with knowledge of the plan said.

After largely keeping its purse strings in check as the coronavirus pandemic choked businesses and threw millions out of jobs, Prime Minister Narendra Modi’s government is keen to bring the economy back onto a solid growth path with the Budget to be presented on February 1. — Reuters

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