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Monday, March 5, 2007

annual budget

India's government has unveiled its annual budget, saying agriculture "must top the agenda of policy-makers". Analysts greeted the government's 6.81 trillion rupee (£78bn; $153bn) budget positively.There had been fears that anti-inflation measures could limit growth in Asia's fourth-largest economy. Figures for February revealed that wholesale price inflation had reached nearly 7%, following higher food and consumer goods prices.India's main stock market fell 4% after the budget was unveiled amid concerns about plans for higher taxes on dividends and the removal of tax exemptions from technology firms.

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