INDIA: MODI GOVT's MAIDEN GENERAL BUDGET 2014-15
Budget resorts to FDI route to implement novel schemes
2014-07-10 12:18 -Faced with the challenge of bringing a turnaround in the economy and bridging the fiscal deficit, the Modi Government has shifted the usual focus of the annual budget from the regular sole allocation-oriented approach to attracting both domestic and foreign investment for implementation of its novel schemes. As the global economy is showing signs of improvement and Asia and the emerging economies are becoming favoured destinations for foreign direct investments (FDIs), India hopes to become a larger beneficiary.