Asia
India relaxes fiscal deficit, cuts taxes to spur growth
7 years agoIndia's Finance Minister Nirmala Sitharaman is flanked by junior Finance Minister Anurag Thakur as she arrives to present the budget in Parliament in New Delhi, India, February 1, 2020. REUTERS/Altaf Hussain
India relaxed its fiscal deficit target Saturday, raising spending and slashing taxes as it seeks to attract foreign investment and increase consumption in the wake of a prolonged economic slowdown.