💨 Abstract

Despite recent income tax cuts, India's fiscal consolidation efforts remain on track, according to S&P Global Ratings. The agency anticipates that India will meet its deficit targets due to large RBI dividends and potential capital underspending. The Union Budget for fiscal 2025 projects a lower fiscal deficit of 4.8%, and for FY26, the government has set a target of 4.4%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖