Stock Market Tips, India First: The new mantra for government purchases

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It's India First for the government and it means potentially a $600 billion-plus ‘market’ for Indian manufacturing and services companies. 

The Centre’s recast of its General Financial Rules (GFR) that guide public finance including government procurement, and created an enabling provision that gives first preference for “locally manufactured goods or locally produced services”. 

The reworked GFR was announced on March 7, 2017. 

Government procurement in India.