(Reuters) - The government boosted spending on hundreds of millions of its poor in a budget gambling on brisk economic growth to cover the cost of appeasing voters angered by corruption scandals and stubbornly high inflation.
The 2011/2012 fiscal plan unveiled on Monday met with market scepticism, with economists saying New Delhi's budget deficit and economic growth forecasts looked too optimistic, especially given high global oil prices that may inflate its subsidy bill.
via in.reuters.com
Agriculture seems to be the star of the day again.
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