Modi administration

India Hopes to Revive the Economy with Its New Budget

India's government unveiled a new budget aimed at reviving its pandemic-battered economy, with a focus on vaccinations and doubling on health care spending.

India's economy shrank by the astonishing 23.9 per cent in the first quarter of last year and is projected to record its worst-ever annual recession - a contraction of 7.7 per cent - in the current financial year ending March 31.