India’s Economic Affairs Secretary stated on February 3, 2026, at 11:05 AM IST that the government remains committed to maintaining fiscal discipline without compromising social and developmental priorities. He also noted that a “great deal of global uncertainty has dropped this morning,” signaling improved confidence in India’s economic outlook.
India’s Economic Affairs Secretary emphasized the government’s unwavering commitment to fiscal discipline, while ensuring that social and developmental priorities remain intact. The statement comes at a time when global markets are stabilizing, with the Secretary noting that a “great deal of global uncertainty has dropped this morning.”
Key highlights from the announcement:
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Fiscal Responsibility: India aims to balance growth with fiscal prudence, ensuring that deficit management does not hinder welfare and infrastructure spending.
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Social Priorities: The government reiterated its focus on inclusive development, particularly in healthcare, education, and rural programs.
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Global Context: With easing uncertainty in international markets, India’s economic outlook appears more resilient, offering confidence to investors and policymakers.
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Investor Sentiment: The assurance of fiscal discipline is expected to bolster foreign investor confidence, especially amid volatile global capital flows.
Analysts suggest that India’s ability to maintain fiscal stability while pursuing developmental goals will be crucial in sustaining long-term growth. The Secretary’s remarks highlight a balanced approach prioritizing both macroeconomic stability and social equity.
Outlook: With global risks easing, India’s fiscal stance could strengthen its position as a stable investment destination in 2026.
Sources: Reuters, Business Standard, The Economic Times, Mint