Sun Feb 01 07:20:00 UTC 2026: ### India Aims for Fiscal Consolidation in Budget 2026
The Story:
Finance Minister Nirmala Sitharaman announced a projected fiscal deficit of 4.3% of GDP for fiscal year 2026-27 as part of the Union Budget 2026. This represents a continuation of the government’s commitment to fiscal consolidation. The budget also outlines a capital expenditure (capex) target of Rs 12.2 Lakh Crore. The announcements highlight the government’s focus on both managing the national debt and stimulating economic growth through infrastructure investment.
Key Points:
- The fiscal deficit is projected at 4.3% of GDP for FY27.
- Capital expenditure is targeted at Rs 12.2 Lakh Crore.
- The budget emphasizes fiscal consolidation.
- Announcements include sector-wise highlights (details not provided).
Key Takeaways:
- The Indian government is prioritizing reducing the fiscal deficit.
- Significant investment in capital expenditure is planned.
- The budget reflects a strategy of balancing fiscal responsibility with economic growth initiatives.
- 2026-27 is the target year for achieving the stated fiscal deficit goal.
First Piper 