💨 Abstract

The Morgan Stanley report suggests that India's fiscal and monetary policies are shifting towards growth support, aligning with expectations of a cyclical recovery. The Union Budget maintains fiscal consolidation but encourages consumption and capital expenditure for economic growth. The government aims to balance stimulating demand and maintaining macroeconomic stability, with a lower fiscal deficit target of 4.4% of GDP for FY26.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖