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India Focuses on Infrastructure, Investment to Propel Economy

In India, the government says it will focus on infrastructure development and on boosting investment as it proposes a slew of measures to propel the economy on a high growth path. Saying that the government last year inherited an economy dominated by “doom and gloom," Finance Minister Arun Jaitley pointed to the dramatically changed scenario nine months on. Presenting the country’s annual budget Saturday, he said growth is strong, inflation is down and foreign exchange...

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