印度新政府将推行改革新方案_大学英语阅读

印度新政府将推行改革新方案

　　印度新政府将推行改革新方案　　India s new government is lifting some caps on foreign investment, tightening borrowing limits and plans to introduce a goods and services tax as part of what it calls a budget for growth . 　　印度新政府将对国外投资取消一些限制，收紧借款限额并计划引入商品及服务税，这些举措是该政府称为发展预算的一部分。　　Finance Minister Arun Jaitley promised to strive for a vibrant and strong India 　　Finance Minister Arun Jaitley said India s people were exasperated after two years of economic slowdown. 　　India s economy has slowed markedly in recent years, growing by 4.7% in 2013-14. In 2010-11, growth was 8.4%. 　　Mr Modi s government has promised reforms aimed at creating jobs. 　　The budget is also expected to contain measures designed to slow inflation. 　　We shall leave no stone unturned in creating a vibrant and strong India, Mr Jaitley told reporters ahead of presenting the budget. 　　Deficit target 　　Later, Mr Jaitley told the parliament that Asia s third largest economy would grow at rate of 7-8% within three to four years, and announced that his government would increase caps on foreign investment in defence and insurance sectors to 49% from 26%. 　　He also set a fiscal deficit target of 4.1% of gross domestic product for this year with further cuts in coming years - 3.6% in 2015-16 and 3% in 2016-17. 　　We cannot leave behind a legacy of debt for future generations, he said. 　　Mr Jaitley also spoke about plans to introduce a goods and services tax this year. 　　He also said the government planned to sell an unspecified amount of shares in debt-laden state-owned banks, which are in need of fresh equity. 　　Other highlights of the budget include earmarking $1.13bn to build 100 smart cities and plans for more targeted food and petroleum subsidies. 　　Shubhada Rao, chief economist of Yes Bank, told Reuters that the budget was a good beginning . 　　Fiscal consolidation is a strong takeaway. Foreign direct investment in insurance and defence and the plethora of schemes for improving the rural economy with all round focus on development programmes, are a key thrust, Ms Rao said.