Missing: $15 Billion Lost Somewhere in India's 1,500-Page Budget

Updated on
  • Unclear how much India is underbudgeting for pay increases
  • Government counting on greater revenues tied to income tax

What Can India Do to Shrink Its Fiscal Deficit?

One of the biggest mysteries in India’s budget is how much Prime Minister Narendra Modi allocated for a once-in-a-decade pay hike for government employees.

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