Thursday, February 28, 2008

Chidambaram presents his 7th budget for India Friday

Finance Minister P. Chidambaram presents India's Union budget for 2008-09 Friday. It will be his seventh budget for the country and the last in the present tenure of the United Progressive Alliance (UPA) government.

Chidambaram tabled the Economic Survey for 2007-08 in parliament Thursday, which presented the current status the Indian economy with suggested policy measures on a wide range of areas.

The budget will come against the backdrop of a slowdown in India's economic growth this fiscal, and the impending elections in several states and to the Lok Sabha in the months to come.

Indo-Asian News Service

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