People shop for shoes at roadside shops at a market in Mumbai, India, August 30, 2016. Picture taken August 30, 2016.People shop for shoes at roadside shops at a market in Mumbai, India, August 30, 2016. Picture taken August 30, 2016.
The preliminary projection is much lower than the government’s earlier forecast of 8 % -8.5 %, but above the central bank’s projection of 6.8%. February’s will be the last full budget before Prime Minister Narendra Modi is expected to bid for rare third terming elections due in summer 2024.
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