Narendra Modi, India's prime minister speaking during a news conference at Parliament House on the opening day of the Budget Session in New Delhi on Friday . India's Finance Minister Nirmala Sitharaman is scheduled to present the annual budget on Saturday, and is expected to outline measures to boost consumption in Asia’s third-largest economy. - AFP
"Weak global growth impacting India as well as investment slowdown due to financial sector issues had led to growth dropping to a decade-low in current fiscal," the report said. India needs to create jobs for the 1.2 million new entrants to the labour market every month but unemployment levels have hit a four-decade high.
India must spend about US$1.4 trillion on infrastructure projects by 2025 to achieve its previously announced target of a US$5 trillion economy, it said, adding that New Delhi needed to make it easier for entrepreneurs to start new businesses.
We are not concerned.
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