India's Fiscal Deficit Target Set at 4.4% of GDP for FY26

In a significant move, Finance Minister Nirmala Sitharaman announced that India's fiscal deficit for FY26 will be targeted at 4.4% of GDP, amounting to approximately ₹16 trillion. This decision reflects the government's commitment to fiscal consolidation amid economic challenges. Economists predict a nominal GDP growth of 10.2%, supported by a projected increase in gross tax revenues. The budget aims to balance growth stimulation with prudent financial management as India navigates global uncertainties. This announcement comes as part of the Union Budget 2025 presented today

 

Source: CNBC TV18, Moneycontrol, NDTV Profit