India’s finance minister has announced his government’s new budget, promising a slew of measures that attempt to balance welfare spending with high economic growth and infrastructure development while vowing to keep a tight control on fiscal deficit.

India’s new government introduced a reform-minded budget today, focusing on promoting manufacturing and infrastructure and expanding the tax base.

INDIA: With many worrying about the threat of tough measures in the new government’s first budget next week, a Facebook post suggesting the finance minister might be pondering less earthly matters quickly roused anger.

India’s new government will use public and private investment to create jobs for the millions who enter the workforce every year and will make containing inflation its top priority, its president said yesterday.