India on Saturday announced a series of measures to revive the housing sector and boost exports as the government tries to kick-start an economy hit by a lending crisis and a slowdown in demand. A fund worth 100 billion rupees ($1.41 billion) will be available to complete unfinished affordable and middle income housing projects, Finance Minister Nirmala Sitharaman said. An equal amount of funding will come from the private sector or from a government insurance company, she added.
