
India's new BJP government, led by Narendra Modi, plans to reform labour laws, including making small businesses 
exempt from the factories act, extending maximum 
overtime hours, and reviewing the minimum wage laws. The BJP government also intends to 
privatise
 700 billion rupees (US$11.7 billion) worth of state assets. 
Infrastructure development will be opened up to Public Private 
Partnerships. The BJP's first budget also outlines 
cuts to social welfare, such as food, fuel and fertilizer-price subsidies.