India’s budget turns to manufacturing as government opts for caution

India’s government has placed manufacturing at the centre of its new national budget as it seeks stability in the face of growing global economic uncertainty.

The budget, presented in parliament on Sunday, avoided sweeping reforms and instead focused on steady sectoral support, a move analysts say reflects a cautious approach by policymakers. Neha Poonia filed this report.

While the measures aim to shield the economy from external shocks, the absence of ambitious reforms has led to mixed reactions among observers who had expected bolder steps.