India: Government Announces New Fiscal Budget, Privatization Plans

During a Feb. 1 press conference, Indian Finance Minister Nirmala Sitharaman unveiled India's 2021-22 budget, which calls for more capital spending focused on the country's health care sector and infrastructure development, as well as higher caps on foreign direct investment (FDI), Al Jazeera has reported. India also recently announced plans to privatize two public sector banks, two insurance companies and oil companies. ...