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Decoding the Indian Budget 2018 for UK businesses

India-Uk, UK Edition - March 2018
by Radhika Jain
The Budget opens up wide scope for private sector participation in sectors such as healthcare.

India’s Union Budget 2018-19, presented by the Finance Minister on 1 February 2018, reaffirms the government’s focus on keeping the Indian economy on an inclusive growth path with an emphasis on social sector, infrastructure and agricultural development. This was the government’s last full-year budget before the General Elections in 2019 and came on the back of significant structural reforms in the last 12-15 months including demonetisation, introduction of GST and a comprehensive insolvency legislation aimed at resolving the twin balance sheet problem that has been ailing the Indian banking and corporate sectors.