India doubles healthcare spending, opens up insurance in "get well soon" budget

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India doubles healthcare spending, opens up insurance in "get well soon" budget
Reuters
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Synopsis

Delivering her budget statement to parliament, Finance Minister Nirmala Sitharaman projected a fiscal deficit of 6.8% of gross domestic product for 2021/22, higher than the 5.5% forecast by a recent Reuters poll of economists. The current year was expected to end with a deficit of 9.5%, she said, well up from the 7% expected earlier.