Indian Prime Minister Narendra Modi's newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power.
In her budget speech Tuesday, Finance Minister Nirmala Sitharaman said the government is focused on driving domestic growth through jobs, training and small businesses.
India's inflation rate is stable and moving toward the government's 4 target, she said, while the economy grew at a sizzling 8.2 rate in the last fiscal year.
"India's economic growth continues to be the shining exception and will remain so in the years ahead," Sitharaman said.
More than a decade after he first took office as prime minister, Modi is under pressure to generate more jobs to help sustain growth.
