India's budget pleases all

Chidambaram walks a tightrope to keep all sides happy with his first budget.

Nick Ferguson

July 08, 2004

Palaniappan Chidambaram pledged to continue the disinvestment of state companies in his first budget for India's new government. The finance minister also scrapped some capital gains taxes, upped foreign investment limits in several industries and promised sustained GDP growth of 7% to 8%.

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South Asia
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