Other topics within the nine sections include:

• GDP of 6.9 per cent for 2004/05 fiscal year
• VAT introduced to replace local taxes
• Big software house results disappoint

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Budget Gives Boost to Rural Poor

A key theme of the government's 2005/06 budget announced on February 28th is the revitalisation of the rural economy. Many observers welcome this commitment to agriculture, which has been neglecte...

Manufacturing Drives Economic Growth

India has asked the World Bank and the Asian Development Bank for financial assistance with the reconstruction of the Tsunami-damaged mainland. The government estimates that property worth US$1.5bn wa...

Foreign Investors Pour Into India

India's oil minister, Mani Shankar Aiyar has announced that the government will auction 20 oil and gas exploration blocks in January 2005, under the New Exploration Licensing Policy. The governmen...

High Oil Prices Could Scupper Growth Plans

Following the investment "boom and bust" in India in the mid-1990s when government reforms encouraged investments, which led to excess capacity and painful economic adjustments, there are no...