• NUS ISAS
    • Print

    ISAS Briefs

    Quick analytical responses to occurrences in South Asia

    116 : The Indian Budget 2009-10: Opportunities for Singapore Investments

    S. Narayan, Head of Research and Visiting Senior Research Fellow at the ISAS

    9 July 2009

    India's budgetary numbers for 2009-10 have been unveiled by Finance Minister, Pranab Mukherjee, on 6 July 2009. For international credit rating agencies and for foreign financial institutions, the foremost concern would be the fiscal deficit, which is budgeted to be the highest ever, at 6.8 percent. On the face of it, the Finance Minister is walking a fiscal tightrope, with the finances strained at close to unsustainable levels.