Fiscal Deficit
Budget should support growth with fiscal consolidation
There is now a need to explore why private investment has not shown signs of any significant pickup yet. This would facilitate more sectoral-level interventions in the upcoming budget.
3 min read06:00 AM ISTBudget 2026: Fiscal deficit, income tax slabs to capex - 5 key things to watch out for in Nirmala Sitharaman's speech
Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2026. Investors anticipate insights into fiscal strategy amid global economic shifts. Experts expect a decisive budget that fosters growth while maintaining fiscal discipline.
3 min read14 Jan 2026Debt-to-GDP ratio target: What are the challenges ahead for India?
Starting in 2026–27, India will target the debt-to-GDP ratio as its primary fiscal anchor, offering greater flexibility but posing challenges amid dwindling tax collections.
4 min read12 Jan 2026A massive tax shortfall and slower growth loom, but the Centre's budget math still works
The government has managed to diversify its revenue sources, which will insulate it against massive tax shortfalls in FY26. Budget 2026 can continue to aim for a lower fiscal deficit figure in FY27.
3 min read8 Jan 2026India's fiscal deficit hits ₹9.76 trillion, nearly two-thirds of target
Better-than-expected non-tax revenue collection of ₹5.16 trillion, or 88.6% of the full-year budget estimate, cushioned the central government's finances.
2 min read31 Dec 2025Targeting public debt is suitable in the current uncertain times, says CEA Nageswaran
Creating a rule that cannot be adhered to on an annual basis damages credibility, says chief economic advisor V. Anantha Nageswaran.
2 min read3 Dec 2025Govt seeks parliament nod for net extra spending of ₹41,455 crore this year
The finance ministry has sought lawmakers' approval for an extra ₹41,455 crore spending this fiscal year for subsidies and administrative costs, including fertilizer and urea imports. Despite this, the fiscal deficit target remains intact due to potential savings and high GDP growth.
3 min read1 Dec 2025VA Nageswaran: In turbulent world, India stands out for turning economic adversity into an advantage
Steady, pragmatic and long-horizon policies have given India the ability to turn global volatility into economic possibility. We have sustained growth while others slowed, kept inflation in check, put the fisc on a consolidation path, drawn capital, accelerated reforms and more.
4 min read30 Nov 2025India’s April-October fiscal deficit widens to ₹8.25 trillion, reaching 52.6% of FY26 target
An increase in capital expenditure combined with weaker net tax revenue led to a wider fiscal deficit during the first seven months of 2025-26.
3 min read28 Nov 2025India’s fiscal deficit holds up in H1 FY26 as Centre ramps up public investment
The government has managed to stay on the fiscal deficit roadmap set in the Budget despite slow growth in gross tax collections. High non-tax collections helped the government bridge the gap.
4 min read31 Oct 2025Wait for it…
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