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考研英语阅读篇章: 印度新政府将推行改革新方案

2014-07-16 17:47:43来源：新东方在线编辑整理

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考研英语阅读篇章：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 (centre) 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 (GDP) 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 (GST) 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(财务整顿) is a strong takeaway. Foreign direct investment in insurance and defence and the plethora(过多) of schemes for improving the rural economy with all round focus on development programmes, are a key thrust," Ms Rao said.

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