India announces $40 billion spending on farms, tax cuts to revive faltering growth
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NEW DELHI (Reuters) - India's government announced a multi-billion dollar package of farm and infrastructure support in its budget for 2020/21 as it blew past its fiscal deficit target for the year, but the stimulus fell short of market expectations and battered stocks. India is grappling with its worst economic slowdown in a decade, with falling employment, consumption and investment ratcheting up pressure on Prime Minister Narendra Modi to revive growth. The government estimates economic..