💨 Abstract

The Goldman Sachs report on India's Union Budget for FY26 highlights concerns about fiscal consolidation pace and spending priorities. The report suggests that the government will maintain the fiscal consolidation path due to high debt-to-GDP ratios, but this tightening may slow economic growth. Capital expenditure growth is expected to align with or fall below nominal GDP growth rates, and welfare spending increases will be modest.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖