Editor’s Picks 06 March 2016 at 21:41 GMT

Modi's tilt toward farmers may cost him business support

Nikkei Asian Review
India's Narendra Modi came to power promising sweeping pro-business reforms. But his government appears to have shifted focus to scoring points with farmers in the latest budget. This could lead to the popular prime minister's downfall unless he plays it carefully. The budget for fiscal 2016 boosts agriculture spending by 84%. Projects include bringing electricity to all villages by May 2018. The government aims to double farmers' incomes within five years, Finance Minister Arun Jaitley said. As 70% of Indians live in villages, increased rural prosperity is essential for growth. But the budget breaks from the government's previous spending plans, which placed weight on developing infrastructure and the business environment in line with the prime minister's pro-business agenda.
Read full article at Nikkei Asian Review

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