Indian business leaders praise budget as pro-growth, helping stock market recover

NEW DELHI — Despite initial investor disappointment, Indian business leaders on Tuesday praised the government’s new budget as spurring growth by spending money on developing roads and other infrastructure, especially in poor rural areas.

Indian stocks slide after government says spending will boost budget deficit to 6.8 pct of GDP

MUMBAI, India — Aiming to revive economic growth, India’s government said Monday increased spending in its new budget would inflate the fiscal deficit to 6.8 percent of the country’s gross domestic product.

India’s increased spending will inflate budget deficit to 6.8 percent of GDP, worrying markets

MUMBAI, India — Aiming to revive economic growth, India’s government said Monday increased spending in its new budget would inflate the fiscal deficit to 6.8 percent of the country’s gross domestic product.