India's budget sparks debt fears; commodities' fillip

The first national budget from India's newly elected government received mixed reactions as some investors claim it had too much focus on rural communities and not enough on economic reform.

The ruling alliance led by the Congress party launched fiscal stimulus measures targeting infrastructure development and welfare for farmers in its budget statement on July 6.

Pranab Mukherjee, India's finance minister, told parliament that his top priority was to return the country to high economic growth