(India’s Prime Minister Narendra Modi has praised former President Abdul Kalam, who died on Monday, remembering the example set by the childhood newspaper vendor who rose to prominence as driver of India’s nuclear weapon and missile programme before becoming president in 2002. Modi writes about Kalam’s commitment to “freedom, development and strength.” The full opinion piece follows here.)
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Finance Minister Arun Jaitley’s budget announcements were on expected lines and should satisfy the investment community, which was keen to see reforms that will kickstart India’s economy. Although the budget was slightly skewed towards the rural economy, we also saw important announcements for urban India aimed at stimulating growth and investment.