India looks to boost growth with new budget

Economists say India's new budget marks a steady move forward, with measures that attempt to balance welfare spending, high economic growth, and infrastructure development. India's economy is slated to grow at between 8.1 and 8.5 percent next year.

India's finance minister announced the government's new budget on Saturday, promising a slew of measures that attempt to balance welfare spending with high economic growth and infrastructure development, while vowing to keep a tight control on the fiscal deficit.