(Bloomberg) -- India's Finance Minister Nirmala Sitharaman proposed boosting spending on creation of assets by 33% in the fiscal year starting April, to support economic growth.
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Presenting her fifth annual budget, she said investment in infrastructure will be one of the priorities of the government's spending plan.
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"The budget takes the lead once again to ramp up the virtuous cycle" of investments," Sitharaman said. Capital expendiuture "is being increased steeply for a third year in a row," she added, as she laid out a plan to spend 10 trillion rupees ($122.3 billion) on creating assets.
--With assistance from Anup Roy, Shruti Mahajan and Muneeza Naqvi.
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