India's budget likely to raise spending to revive economic growth

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter.

'Limited freebies improves demand in economy,' explains Arvind Kejriwal

Meanwhile, Union Home Minister and BJP leader Amit Shah will be addressing three public rallies in the national capital on Friday.

India’s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next fiscal year.

The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.

Malls, shops and eateries in commercial districts of Mumbai such as BKC and Nariman Point will be able to remain open 24 hours.

These businesses have yielded 500+ acquisitions and created 750,000 jobs since 2014.

India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.

The World Bank shaved 0.2 percentage point off of growth for both years.

The vehicular traffic and train services were affected across the state due to the strike.

RBI had also lowered its forecast for the economic growth to 5 per cent while announcing its bi-monthly monetary policy last month.