Sat Feb 01 06:48:21 UTC 2025: ## India’s Budget 2025-26 Unveiled: Fiscal Deficit Targeted, Reforms Planned
**New Delhi, February 1, 2025** – Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 today, outlining a fiscal deficit target of 4.8% of GDP for the current fiscal year (FY25) and 4.4% for FY26. The budget projects net market borrowings of ₹11.54 lakh crore for the next fiscal year.
Key announcements include the establishment of a high-level committee to oversee regulatory reforms across all non-financial sectors. The National Bank for Financing Infrastructure and Development (NaBFID) will introduce a partial credit enhancement facility for corporate bonds. Furthermore, the government plans to launch a state-level investment friendliness index this year. These measures aim to stimulate economic growth and attract investment.
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