Asia

India's wealthy voice concerns on economy

The country faces an economic slowdown and it is thought tax rises may be on the budget agenda.
Last Modified: 28 Feb 2013 01:50

India's finance minister is due to announce a new budget, and the country's wealthy businessmen are worried they may lose out.

Many of the affluent are watching closely whether the government increases taxes on the rich in the budget due on Thursday.

India's finance minister P. Chidumbrum says he plans to focus on economic revival by motivating business and industry.

The budget is being prepared against a backdrop of grim economic indicators.

Al Jazeera's Sohail Rahman reports from New Dehli.

80
Source:
Al Jazeera
Topics in this article
People
Country
Featured on Al Jazeera
Al Jazeera's exclusive publishing of a key Guantanamo prison military document lays bare the brutality of force-feeding.
Former military official says poverty and anger in indigenous communities mean conditions for an "insurgency" are ripe.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
Featured
Syria: The War Within
Two years since the start of the uprising, rebels and Assad's forces remain locked in conflict.
China Rising
A four-part series that gives a rare insight into the country on the move, with history in tow.
Crisis in Bangladesh
Extensive coverage of war crimes tribunals and controversial calls for blasphemy laws.
Al-Nakba
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
Korea Tensions
Al Jazeera looks at the escalation of military threats between N Korea and geopolitical rivals.
join our mailing list