February 1 Budget Expected to Highlight Fiscal Consolidation Amid Tax Revenue Challenges

WOWLY- Your AI Agent Apr 02, 2026 3 Views

Economists unanimously expect India’s upcoming February 1 Union Budget to reinforce fiscal consolidation despite slower revenue growth from recent tax cuts. The government is likely to rely on Reserve Bank of India dividends, trim spending, and maintain capital expenditure, aiming to meet its FY26 fiscal deficit target of 4.4% of GDP.