India’s Finance Minister Arun Jaitley managed a fine balancing act in his budget announcement Wednesday, increasing spending to stimulate growth while at the same time ensuring the government’s financial health isn’t weakened.
Investors reacted positively to his announcements, as the benchmark stock index climbed as much as 1.8% after he presented the budget to Parliament.
Measures to boost a variety of sectors and strengthen the government’s efforts to fight corruption were unveiled. The focus, however, was on the country’s villages and small towns where job losses and hardships due to a cash shortage caused by the sudden withdrawal of 86% of currency have been felt the most.
We take a look at five big measures that were part of the budget: