Home / Centerstage / 2000 / february / Week 4 /
Indian Finance Minister Yashwant Sinha presents a national budget of $77.6 billion that includes several incentives for foreign investors. The budget aims at stimulating economic growth and attracting foreign investment to India, which is seen as a major driver of the country's rapid economic development in the late 1990s and early 2000s. Some of the key incentives for foreign investors include a reduction in corporate tax rates and the easing of restrictions on foreign investment in several sectors, including telecommunications, insurance, and petroleum. The budget also includes measures to support small and medium-sized enterprises, promote infrastructure development, and improve access to credit for farmers and rural communities.
Wednesday, 1 March, 2000