On 28 February, Pranab Mukherjee, Minister of Finance, presented to Parliament the 2011-2012 Budget of the Indian Union. He said among other things an increase of 17% of the budget devoted to social spending. He recognized that inflation, particularly that of food prices, remained "a concern". However, he hoped to see it fall during the year, while he expects an economic growth of 9%, also higher than before the financial crisis.
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