Indian budget hopes riding high

Corporate India is hoping for bold reforms in Thursday's budget and investment bankers hope it will provide more reason for revenues to rise.
The Taj Mahal.
The Taj Mahal.

India’s largest companies and banks will be closely watching Thursday's Indian budget to see what kind of reform roadmap is set for the new Narendra Modi-led government.

Hopes are high that Modi, a tea seller’s son who earned a reputation for being able to get things done when he was chief minister of Gujarat state, will unveil bold reforms to jump-start the stalled Indian economy and stimulate greater investment.

“The budget is the first indicator of what the policy framework will be under the new government,” said Paresh Sukthankar, deputy managing director of privately owned HDFC Bank, said. “The government needs to drive growth and that growth...

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