Modi's guarded stimulus unlikely to revive Indian growth
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NEW DELHI (Reuters) - India's new federal budget is unlikely to drag Asia's third- biggest economy out of its worst slowdown in more than a decade as the government has proposed only moderate spending increases and small cuts in personal taxes, economists said on Sunday. They said there was a risk the government might miss its fiscal deficit target for 2020-21 as it was dependent on raising almost $30 billion from the sale of stakes in state-run firms and financial institutions to meet ambitious..