What India's Budget Won't Tell You

In India, a country that is still nominally socialist, the budget is always read as a coded message about how supportive the government of the day intends to be when it comes to markets.

Two views of the same street.

Photographer: Daniel Berehulak/Getty Images

This weekend, Indian Finance Minister Arun Jaitley will present to parliament the budget for the year 2015-16: an exercise in accounting and planning, for an economic unit that encompasses a fifth of mankind, that has been repeated annually (and sometimes more than that) since independence.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.