💨 Abstract

The Union Bank of India's research report predicts that the Indian government will aim for fiscal consolidation and growth in the Union Budget, targeting a reduced fiscal deficit of 4.5% of GDP in FY26 from an estimated 4.8% in FY25. The government is expected to remain committed to its fiscal consolidation path, with a steady reduction in the fiscal deficit over the years.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖