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Significance This supersedes the interim budget presented in February. Prime Minister Narendra Modi won a third straight term at the April-June general election, but his ability to command a majority in parliament’s lower house now rests greatly on the support of two key allies of his Bharatiya Janata Party (BJP). Impacts The opposition, stronger after the recent elections, will continuously question the government’s commitment to alleviating hardship. Reaffirming commitment to fiscal discipline will please international financial institutions. Infrastructure will continue to be a key focus of expenditure.
A Tue, study studied this question.