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