Indian Union Budget 2009

One of the first major challenges facing India’s newly-elected cabinet will be to chisel out a fiscal year budget. Many business leaders anticipate the budget to outline a plan for boosting growth and demand, continuing to maintain liquidity, and balancing inflation. More significantly, many expect a divestment of government stakes in public sector companies and a move toward massive investment in infrastructure. Now more than ever, the Indian budget will influence the future of U.S.-India business relations. Following the budget’s presentation to parliament on July 3, we hope to provide insights into: How government funds will be allocated The government’s current economic outlook What new opportunities have emerged How changes in tax laws and regulations will impact businesses in India