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Modi Woos Voters With $13 Billion Largesse Before India Election

  • Budget gap in FY19 is 3.4% of GDP vs previous goal of 3.3%
  • Budet proposes income support for farmers, and taxbreaks
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Indian Prime Minister Narendra Modi made a populist push in his final budget before elections, cutting taxes for middle-class voters and giving cash handouts to farmers.

The government will allocate 750 billion-rupee ($10.6 billion) a year for the cash plan for about 120 million farmers and give taxpayers 185 billion rupees of relief in the year to March 2020, Finance Minister Piyush Goyal said in his budget speech in New Delhi on Friday.