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India’s New Budget

February 5, 2020

Episode Notes:

On Feb. 1, the Indian government released a new budget for the upcoming fiscal year. The budget includes more spending on rural areas and increased import tariffs, a move that will increase tensions with the United States. New Delhi is seeking to counter an economic slowdown and target key voting constituencies with a modestly expansionary fiscal policy.

Rick Rossow — Wadhwani Chair in U.S.-India Policy Studies and senior fellow at the Center for Strategic and International Studies — joins the WarCast to discuss India’s budget, identify key economic takeaways, and explore defense spending in India.  

Follow Rick on Twitter: @RichardRossow

[ 00:53 ] Key elements of the new budget

[ 02:40 ] Who won in this budget?

[ 06:25 ] India’s defense budget

[ 08:41 ] Budget process in India vs. United States

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