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As hopes rise that India’s economy will drive global growth, FT South Asia bureau chief Victor Mallet analyses India’s latest budget which promises to cut the deficit and boost infrastructure, and assesses the lukewarm reaction from business ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes