• A labourer carries saplings at a paddy field on the outskirts of the western Indian city of Ahmedabad on July 10, 2014. Indian Prime Minister Narendra Modi’s new government unveiled a first budget of structural reforms that seek to revive growth, while spurning the temptation to resort to higher borrowing. Amit Dave / Reuters
    A labourer carries saplings at a paddy field on the outskirts of the western Indian city of Ahmedabad on July 10, 2014. Indian Prime Minister Narendra Modi’s new government unveiled a first budget of structural reforms that seek to revive growth, while spurning the temptation to resort to higher borrowing. Amit Dave / Reuters
  • Indian employees work at a textile factory in Khatraj village, some 20km from Ahmedabad. India’s new right-wing government of prime minister Narendra Modi unveiled its first general budget on July 10, with expectations of a credible outline of steps to steer India from a subsidy-laden, bureaucratic culture to a more business-friendly investment climate. Sam Panthaky / AFP
    Indian employees work at a textile factory in Khatraj village, some 20km from Ahmedabad. India’s new right-wing government of prime minister Narendra Modi unveiled its first general budget on July 10, with expectations of a credible outline of steps to steer India from a subsidy-laden, bureaucratic culture to a more business-friendly investment climate. Sam Panthaky / AFP
  • An Indian labourer works on a flyover in central Srinagar. Rouf Bhat / AFP
    An Indian labourer works on a flyover in central Srinagar. Rouf Bhat / AFP
  • Indian labourers load 50 kilo sacks of rice onto a truck at a storage facility near Khasa village, about 20km from Amritsar. Narinder Nanu / AFP
    Indian labourers load 50 kilo sacks of rice onto a truck at a storage facility near Khasa village, about 20km from Amritsar. Narinder Nanu / AFP
  • A man looks at the display screen on the facade of the Bombay stock exchange (BSE) in Mumbai on July 10, 2014. Investors welcomed the budget with the Sensex stock index rising 1.6 per cent. Rajanish Kakade / AP Photo
    A man looks at the display screen on the facade of the Bombay stock exchange (BSE) in Mumbai on July 10, 2014. Investors welcomed the budget with the Sensex stock index rising 1.6 per cent. Rajanish Kakade / AP Photo
  • The newly-started metro train makes its way during a run between Varsova and Ghatkopar stations in Mumbai. Punit Paranjpe / AFP
    The newly-started metro train makes its way during a run between Varsova and Ghatkopar stations in Mumbai. Punit Paranjpe / AFP
  • A worker prepares to unload steel bricks at a steel factory on the outskirts of Jammu on July 10, 2014. Mukesh Gupta / Reuters
    A worker prepares to unload steel bricks at a steel factory on the outskirts of Jammu on July 10, 2014. Mukesh Gupta / Reuters
  • An Indian labourer carries gas cylinders at a gas distribution centre in Siliguri. Diptendu Dutta / AFP
    An Indian labourer carries gas cylinders at a gas distribution centre in Siliguri. Diptendu Dutta / AFP
  • Commuters travel along the newly inaugurated freeway between Santacruz and Ghatkopar in Mumbai. Punit Paranjpe / AFP
    Commuters travel along the newly inaugurated freeway between Santacruz and Ghatkopar in Mumbai. Punit Paranjpe / AFP
  • An Indian shopper holds packets of spices as she browses at a supermarket in Mumbai. Indranil Mukherjee / AFP
    An Indian shopper holds packets of spices as she browses at a supermarket in Mumbai. Indranil Mukherjee / AFP
  • An Indian employee works at a textile factory in Khatraj village, 20km from Ahmedabad. Sam Panthaky / AFP
    An Indian employee works at a textile factory in Khatraj village, 20km from Ahmedabad. Sam Panthaky / AFP
  • Indian labourers fit glass panels on a construction site in Kolkata. Dibyangshu Sarkar / AFP
    Indian labourers fit glass panels on a construction site in Kolkata. Dibyangshu Sarkar / AFP
  • Indian customers bargain with a vendor at a fish market in Kolkata. Dibyangshu Sarkar / AFP
    Indian customers bargain with a vendor at a fish market in Kolkata. Dibyangshu Sarkar / AFP
  • An Indian employee works at a textile factory in Khatraj village, 20km from Ahmedabad. Sam Panthaky / AFP
    An Indian employee works at a textile factory in Khatraj village, 20km from Ahmedabad. Sam Panthaky / AFP

Business

In pictures: India budget 2014

Liz Claus

July 10, 2014

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India’s government has vowed to lift economic growth to rates of 7-8 per cent by promoting manufacturing and infrastructure and overhauling populist subsidies.

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