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India's new government has unveiled a programme for rapid economic reforms aimed at creating jobs and boosting foreign investment.
印度新政府公布了一项快速经济改革规划,旨在创造就业机会与促进外国投资。
The announcement by President Pranab Mukherjee included plans designed to simplify taxation1 and reduce inflation.
He also spoke3 of India's hopes for good relations with neighbours and pledged to tackle violence against women.
The President's parliamentary address was made to lawmakers elected in Prime Minister Narendra Modi's landslide4 victory last month.
Mr Mukherjee said that the government would introduce a general sales tax, encourage foreign investment and speed up approvals for major business projects. It would also tackle bottlenecks5 that make India's food inflation the highest among major economies.
The anti-inflationary message will be welcomed by central bank governor Raghuram Rajan, who has made lowering India's growth-stifling high interest rates contingent6 on containing consumer prices.
India's economic expansion has slowed markedly, growing by 4.7% in the 2013-14 financial year and marking the second year of sub-5% growth.
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