Union Budget 2022: Centre strikes a fine balance between growth and fiscal consolidation
3 years, 1 month ago

Union Budget 2022: Centre strikes a fine balance between growth and fiscal consolidation

Firstpost  

People were expecting more direct cash enhancement measures for the agriculture and rural belts, as growing joblessness and weak demand in rural belts is acting as a major drag on India’s economic recovery in the current phase The Union Budget for 2022-23 announced on 1 February is clearly prepared within tough fiscal constraints. The underlying macroeconomic framework shows that the government has assumed India’s nominal GDP growth at 11.1 per cent despite surging inflation. This means the government is expecting a much lower real GDP growth in FY23 than the Economic Survey’s prediction at 8-8.5 per cent. While the government has pegged fiscal deficit at 6.4 per cent for the year FY23, it has announced a significantly large market borrowing to finance its budgetary spending plan.

India Growth Rural Budget Spending Cent Fiscal Fy23 Rural Belts  rs  fiscal  belts  consolidation  strikes  spending  centre  rural  budget  growth  cent  infrastructure  fy23  balance  fine  union  2022

History of this topic

Cross-Sectional Analysis of States’ Budget in India – FY 2024-25
1 day ago

Cross-Sectional Analysis of States’ Budget in India – FY 2024-25

Deccan Chronicle  

The budget is one of the principal administration tools and the most potent legislative control and executive management instrument. Against this backdrop, the budget for 2024-25 of 17 general category states of India is evaluated through the “Index of Budgetary Evaluation ”. These seven indices are to deficit index, revenue efficiency index, expenditure quality index, debt burden index, capital outlay …

RBI likely to maintain rate-cut cycle amid global growth challenges and inflation fall, finds HDFC MF report
2 days, 22 hours ago

RBI likely to maintain rate-cut cycle amid global growth challenges and inflation fall, finds HDFC MF report

Live Mint  

India's central bank is likely to continue its rate cut cycle amid global growth challenges and inflation reaching within target levels, according to an HDFC Mutual Fund report. The Reserve Bank of India's repo rate cuts are expected to continue as risk of headwinds in global growth looms large, especially due to the economic conditions in the United States, it …

Delhi’s fiscal deficit increases by nearly 900%; not a major worry, says expert
3 days, 11 hours ago

Delhi’s fiscal deficit increases by nearly 900%; not a major worry, says expert

The Hindu  

Even as the total outlay of the annual budget increased by 43.8% to ₹1 lakh crore in the Bharatiya Janata Party’s first budget after coming to power, the fiscal deficit of the Delhi government is expected to rise by 899.67% compared to last year, as per budget documents. As per the budget documents, Delhi’s fiscal deficit 2025-26 is expected to …

Telangana Budget 2025-26: Key takeaways | In charts
Top News
1 week, 2 days ago

Telangana Budget 2025-26: Key takeaways | In charts

The Hindu  

The Telangana State budget with an outlay of ₹3.05 lakh crores was presented by the Deputy Chief Minister Mallu Bhatti Vikramarka in the Assembly today. Receipts and Expenditure Revenue receipts stand at ₹2.3 lakh crores for 2025-26 budget estimates, up from ₹2.02 lakh crores last year. Revenue expenditure for social services increased from ₹81.1 thousand crores in 2024-25 to ₹1.1 …

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman
1 week, 3 days ago

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the government’s push for capital expenditure, while maintaining fiscal discipline, has not come at the cost of public spending, emphasizing that allocations for social welfare and education have increased significantly. Speaking at the Rajya Sabha, Sitharaman said the effective capital expenditure for the next fiscal year, 2025-26, is projected to be …

RBI Could Implement 75 Bps Rate Cut In 2025, With Quarterly Reductions: Report
1 week, 6 days ago

RBI Could Implement 75 Bps Rate Cut In 2025, With Quarterly Reductions: Report

ABP News  

SBI Research's Ecowrap forecasts a 75-basis-point rate cut for this fiscal year. CPI Inflation India's consumer price index inflation fell to a seven-month low of 3.6 per cent in February 2025, primarily due to a significant drop in food prices. Despite the overall inflation slowdown, imported inflation has surged, rising from 1.3 per cent in June 2024 to 31.1 per …

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu
2 weeks ago

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu

New Indian Express  

CHENNAI: Finance Minister Thangam Thennarasu said the fiscal deficit of the state government is estimated to decrease to 3% of the GSDP during 2025-26. This is despite the state falling short of its last year’s target of total revenue receipts, which was revised downwards from Rs 2.99 lakh crore to Rs 2.93 lakh crore in the Revised Estimate 2024-25. The …

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s
2 weeks, 2 days ago

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s

Live Mint  

Higher government capex and a boost in consumption will fuel India's economic growth in FY26, exceeding 6.5 per cent in the next fiscal, Moody's ratings said on Wednesday. “Government capital expenditure, tax cuts for middle-class income groups to boost consumption and monetary easing will help India's real GDP growth exceed 6.5% for fiscal 2025-26 from 6.3% in fiscal 2024-25,” Moody's …

Mahayuti avoids populist schemes in the first budget after returning to power
2 weeks, 4 days ago

Mahayuti avoids populist schemes in the first budget after returning to power

Hindustan Times  

Mumbai: Four months after winning the Maharashtra assembly elections on the back of a slew of populist schemes, the Mahayuti government’s first budget after retaining power reflected an estimated debt of ₹9,32,242 crore for the financial year 2025-26, which is the highest in the state’s history. Populist schemes worth ₹96,000 crore announced in last year’s budget in June, weeks after …

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies
2 weeks, 4 days ago

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for a net additional spending of ₹51,463 crore in FY25 to meet funding requirements of mainly fertilizer, food and cooking gas subsidy and defence pension. The government also sought House approval for an extra ₹6.27 trillion spending, mainly for repayment of debt, which does not involve additional cash outgo …

Household net financial savings to inch up in FY25
3 weeks, 1 day ago

Household net financial savings to inch up in FY25

Deccan Chronicle  

Chennai: Household net financial savings as a percentage of GDP rate is likely to move up further in FY25 after inching up to 5.2 per cent in FY24. Household net financial savings rose marginally to 5.2 per cent in FY24 from 5 per cent in FY23. The deterioration in household savings rate in FY24 stemmed from the dip in physical …

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week
3 weeks, 1 day ago

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week

Live Mint  

New Delhi: The union government, which is preparing to seek Parliament’s approval for additional funding for the current financial year, now has extra fiscal headroom on account of the improvement in the economic growth rate to 9.9% in nominal terms, as forecast last Friday by the statistics ministry. The slight upward revision in the economic growth rate projection – from …

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare
3 weeks, 4 days ago

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare

India TV News  

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare Chhattisgarh’s Rs 1.65 lakh crore budget for 2025-26 focuses on growth, infrastructure, and welfare under the ‘GATI’ theme. Chhattisgarh’s Finance Minister OP Chaudhary on Monday presented the state’s budget for the financial year 2025-26, amounting to Rs 1,65,000 crore. Welfare and agricultural support The …

India’s GDP to grow at faster pace in Q4; RBI rate cut and businesses at Mahakumbh could aid recovery: Report
3 weeks, 5 days ago

India’s GDP to grow at faster pace in Q4; RBI rate cut and businesses at Mahakumbh could aid recovery: Report

Live Mint  

New Delhi, March 3 : India's economy is expected to grow at a much better pace in the fourth quarter of FY25, supported by strong government spending, a recovery in the rural economy, and a likely increase in private investment, according to a report by Centrum. The report projects GDP growth for FY25 at 6.5 per cent, with rate cut …

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
Trending News
1 month ago

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target

Live Mint  

India's fiscal deficit for the April-January period of financial year 2024-25 stood at ₹11.70 trillion, 74.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. Receipts and expenditure During the April-January period, net tax receipts stood at ₹19.04 trillion, or 74.4% of the target set in the annual budget, against ₹18.80 …

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%
Trending News
1 month ago

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%

Deccan Chronicle  

New Delhi: The output of eight key infrastructure sectors rose by 4.6 per cent in January against a 4.2 per cent expansion in the same month of last year, but it was slower compared to 4.8 percent a month ago, while the Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, two …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
1 month ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

India's GDP Grows 6.2% in Q3 FY25, Recovery Gains Pace
Trending News
1 month ago

India's GDP Grows 6.2% in Q3 FY25, Recovery Gains Pace

Deccan Chronicle  

New Delhi: In line with the economists’ expectations, India’s economy regained the momentum in the December quarter, with its gross domestic product or GDP growing at 6.2 per cent, after slipping to a seven-quarter low of 5.6 per cent in the preceding July-September period. The nominal GDP or GDP at current prices is estimated to attain a level of Rs …

India’s economic growth accelerates to 6.2% in October-December
1 month ago

India’s economic growth accelerates to 6.2% in October-December

Live Mint  

Feb 28 - India's economy grew by 6.2% in October-December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer spending, data released on Friday showed. COMMENTS GAURA SEN GUPTA, INDIA ECONOMIST, IDFC FIRST BANK, MUMBAI The Q3 GDP growth is "marginally better than our expectations". MADHAVI ARORA, CHIEF ECONOMIST, EMKAY GLOBAL …

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%
1 month ago

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%

Live Mint  

New Delhi: India’s economic growth engine showed some spark in the December quarter to recover from a low in the September quarter. The third quarter’s growth rate, supported by government spending and consumption amid festive demand, was still far from the 9.5% recorded in the corresponding quarter of the previous fiscal. Economists’ views Some economists expect India’s FY25 GDP growth …

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary
1 month ago

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary

The Hindu  

Bihar Deputy Chief Minister Samrat Choudhary who also holds the Finance portfolio on Friday presented the 2024-25 State Economic Survey Report in the Assembly on the opening day of the month-long Budget session and said size of the State’s economy at current prices has increased 3.5 times from ₹2.47 lakh crore in 2011-12 to ₹8.54 lakh crore in 2023-24. The …

IMF report: Key structural reforms could raise India’s economic growth potential
1 month ago

IMF report: Key structural reforms could raise India’s economic growth potential

Live Mint  

New Delhi: The International Monetary Fund has said India's robust economic performance presents a crucial opportunity to implement key structural reforms that are essential for achieving its goal of becoming an advanced economy by 2047. In an Article IV Consultation report for 2024, the IMF executive board said deeper implementation of structural reforms could boost private investment and employment in …

India emerging from valley of gloom, but economic nirvana will have to wait
1 month ago

India emerging from valley of gloom, but economic nirvana will have to wait

New Indian Express  

Coming to the sub-components of national output, it seems as though the troubles of the economy are moving from one shoulder merely to land upon the other. As for Q3, manufacturing sector seems like a broken branch, with a dismal growth of 3.5%, as against a healthy double-digit growth of 14% in Q3, FY24. Similarly, electricity, and other utility services …

Indian economic growth pegged at 6.2% in December quarter from 5.4% in Q2: Union Bank of India
1 month ago

Indian economic growth pegged at 6.2% in December quarter from 5.4% in Q2: Union Bank of India

Live Mint  

India's economic growth is expected to pick up momentum in the third quarter of the financial year 2024-25, with GDP growth estimated at 6.2 per cent, up from 5.4 per cent in the second quarter, according to a report by Union Bank of India. It said “We estimate Q3FY25 GDP growth rate to mark an uptick to 6.2 per cent, …

Indian economy to pick momentum in H2FY25 amid tax relief, interest rate cuts: RBI Bulletin
1 month, 1 week ago

Indian economy to pick momentum in H2FY25 amid tax relief, interest rate cuts: RBI Bulletin

Live Mint  

The Indian economy will likely get a boost from the pick-up in rural demand and the income tax relief announced in the Union Budget 2025, which is expected to support urban consumption amid interest rate cuts. The Reserve Bank of India highlighted in its monthly economic bulletin on Wednesday, February 19, that India's urban consumption is “poised for a recovery.” …

Past capex and robust rural demand will propel India’s economic growth: SBICap
1 month, 1 week ago

Past capex and robust rural demand will propel India’s economic growth: SBICap

Live Mint  

New Delhi: India’s economic growth over the next 15 months may benefit from the lagged impact of past capital expenditure and strong rural demand amid slowing consumer spending, SBI Capital Markets Ltd said in a report on Wednesday. SBICap added that private final consumption expenditure, or consumer spending, in India, which accounts for more than 60% of India’s real GDP, …

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
1 month, 1 week ago

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI

Live Mint  

India Q3 GDP Growth: The State Bank of India estimates that India's gross domestic product grew 6.2-6.3 per cent in the December quarter of 2024-25. India Q3 GDP Growth Estimates SBI Research's October-December GDP estimates highlighted its in-house developed 'Nowcasting Model', which leverages 36 high-frequency indicators. India's GDP grew by 8.2 per cent during the financial year 2023-24 and continued …

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA
1 month, 1 week ago

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA

Live Mint  

India Q3 GDP Growth: Domestic rating agency ICRA projected India's gross domestic product to grow 6.4 per cent in the December quarter of FY25, driven by enhanced government spending amid uneven consumption. India Q3 GDP Growth Estimates ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending on capital …

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman
1 month, 2 weeks ago

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman

The Hindu  

India’s economy is in the midst of “a speedy rebound” after a brief moderation in the second quarter of this year, Finance Minister Nirmala Sitharaman said on Tuesday, asserting that the Union Budget 2025-26 has sought to address the immediate challenges facing the national economy amid “immense” global uncertainties. ‘Strong economic foundations’ Stressing that India’s economy grew by an average …

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM
1 month, 2 weeks ago

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM

Live Mint  

New Delhi: India is on course to making a speedy rebound and to retaining the tag of the fastest growing economy on account of its strong fundamentals and measures taken by the government, finance minister Nirmala Sitharaman told Parliament on Tuesday. I want to inform members, on account of strong economic foundation, a speedy rebound is happening and we shall …

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha
1 month, 2 weeks ago

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha

The Hindu  

The Government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on Tuesday She said the effective capital expenditure in FY'26 is ₹15.48 lakh crore, which is 4.3% of GDP. "It indicates that the government is using almost the entire borrowed resources for financing effective capital expenditure. So, in effect, the government …

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman
1 month, 2 weeks ago

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman

Live Mint  

Union finance minister Nirmala Sitharaman said on Tuesday, February 12, 2025, that the government will use almost all its borrowing in 2025-26 to finance capital expenditure. FM Sitharaman highlighted the effective capex in FY26 is ₹15.48 lakh crore, which is 4.3 per cent of the gross domestic product. So, in effect, the government intends to use about 99 per cent …

India's GDP witnessing speedy rebound, set to remain world's fastest growing economy: Sitharaman in Lok Sabha
1 month, 2 weeks ago

India's GDP witnessing speedy rebound, set to remain world's fastest growing economy: Sitharaman in Lok Sabha

India TV News  

Parliament Session: Finance Minister Nirmala Sitharaman on Tuesday said that the Indian economy is experiencing a "speedy rebound" from the 5.4 per cent growth recorded in the second quarter of the current fiscal. Sitharaman said the effective capital expenditure in FY'26 is Rs 15.48 lakh crore, which is 4.3 per cent of GDP. She said the effective capital expenditure in …

Union Budget is positive on fiscal consolidation, developing women entrepreneurs and establishing AI research centres, says expert at meet
1 month, 2 weeks ago

Union Budget is positive on fiscal consolidation, developing women entrepreneurs and establishing AI research centres, says expert at meet

The Hindu  

Society for Integrated Development & Research, and Dr. Lankapalli Bullayya College, Visakhapatnam, organised a discussion meet on Union Budget 2025-26, on the College premises here on Saturday. Speakers focussed on aspects such as income tax implications, economic growth, education, foreign trade, federal finance, commerce, industry and infrastructure investment. He said that the budget is positive on fiscal consolidation, developing women …

Fiscal and monetary measures to boost consumption, private investment says FM
1 month, 2 weeks ago

Fiscal and monetary measures to boost consumption, private investment says FM

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday said, “Fiscal and monetary measures announced recently will help boost consumption and promote private investment.” The Budget presented by the Finance Minister on February 1 proposed a slew of measures including significant income tax cuts for the middle class. On the monetary side, the Reserve Bank of India on Friday slashed the policy rate …

Experts question Kerala budget’s revenue projections amid fiscal concerns
1 month, 3 weeks ago

Experts question Kerala budget’s revenue projections amid fiscal concerns

New Indian Express  

KOCHI: Does Finance Minister K N Balagopal’s budget calculations add up, or is he offering empty promises that are reliant on the economy’s robustness and tax-collection efforts? The budget document outlines an impressive increase in revenue receipts, aiming for Rs 1,52,351.67 crore in 2025-26, up from revised estimates of Rs 1,32,929.80 crore for 2024-25. The minister’s optimism hinges on substantial …

RBI MPC meeting 2025: RBI projects 6.7% growth for FY’26 on better Rabi harvest, tax relief by govt
1 month, 3 weeks ago

RBI MPC meeting 2025: RBI projects 6.7% growth for FY’26 on better Rabi harvest, tax relief by govt

The Hindu  

Reserve Bank on Friday projected the growth rate for the upcoming financial year at 6.7%, up from 6.4% estimated for the current fiscal ending March. Healthy Rabi prospects and an expected recovery in industrial activity should support economic growth in 2025-26, RBI Governor Sanjay Malhotra said while announcing his first bi-monthly monetary policy for the current fiscal. Finance Minister Nirmala …

Budget 2025: Modi Government’s Key Welfare Schemes Cost 5 Lakh Crore Annually, Show Limited Impact
1 month, 3 weeks ago

Budget 2025: Modi Government’s Key Welfare Schemes Cost 5 Lakh Crore Annually, Show Limited Impact

The Hindu  

Published : Feb 06, 2025 14:47 IST - 5 MINS READ In the recent Union Budget, the BJP government has once again paraded its so-called achievements in the Budgetary announcements—billions allocated, millions covered, and proclamations of “Viksit Bharat” by 2047. And yet, four years later, the government has extended it for another five years at an estimated cost of Rs.11.80 …

Himanshu: Will the budget’s proposals help revive India’s rural economy?
1 month, 3 weeks ago

Himanshu: Will the budget’s proposals help revive India’s rural economy?

Live Mint  

That the Indian economy is going through a difficult phase is no longer a matter of speculation. Still, neither did the budget offer anything new to boost agricultural incomes or worker productivity, nor did it allocate enough to revive the non-farm economy. The Centre’s plan to increase incomes and productivity in 100 backward districts is also unconvincing, given that the …

A Budget that is mostly good but with one wrong move
1 month, 3 weeks ago

A Budget that is mostly good but with one wrong move

The Hindu  

The Union Budget has got many things right. Gross tax revenues Growth in the Government of India’s gross tax revenues have trended downwards in recent years. Level of government expenditure Tax and non-tax revenues, non-debt capital receipts and fiscal deficit together determine the size of government expenditure. In fact, this was so even in 2024-25, when the government’s total expenditure …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 3 weeks ago

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys

Deccan Chronicle  

Mumbai: Moody’s Ratings on Tuesday said that the income tax cuts announced in the Union Budget 2025 will boost middle-class spending and benefit corporates and the financial sector but warned that the lost revenue could slow fiscal consolidation despite a decline in spending as a share of GDP. Although the government has estimated consequent foregone revenue at around Rs 1 …

Budget 2025: More reforms, private investments must for India to become $30 tn economy
1 month, 3 weeks ago

Budget 2025: More reforms, private investments must for India to become $30 tn economy

Live Mint  

India is charting an ambitious course toward its vision of a $30-trillion economy by 2047. Over the past decade, the government has launched strategic initiatives such as Make in India, production-linked incentives, and large-scale infrastructure expansion to propel the manufacturing ecosystem. Dedicated measures have been announced for sectors such as toys, footwear and leather with high job-creation potential aiming to …

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil
1 month, 3 weeks ago

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil

Live Mint  

India's economy is expected to grow at 6.5 per cent in the next financial year 2025-26, slightly higher than the 6.4 per cent growth estimated for the ongoing fiscal year. “Lower inflation and the RBI's rate cuts are expected to lift growth next fiscal, assuming a normal monsoon and lower crude oil prices,” said Crisil. If India's inflation moves closer …

A tightrope act: The budget does a good job of balancing divergent demands
1 month, 3 weeks ago

A tightrope act: The budget does a good job of balancing divergent demands

Live Mint  

India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. Notably, fiscal consolidation remains the budget’s primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This cut, which accounts for almost the entire fiscal …

When consumption push and fiscal consolidation go hand in hand
Trending News
1 month, 3 weeks ago

When consumption push and fiscal consolidation go hand in hand

Live Mint  

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing on the path of fiscal consolidation. More importantly, by shifting the anchor of fiscal consolidation from fiscal deficit to debt to GDP, the FM …

Budget gave non-inflationary stimulus to economy, will push growth: Finance Secy
1 month, 3 weeks ago

Budget gave non-inflationary stimulus to economy, will push growth: Finance Secy

Live Mint  

New Delhi, Feb 3 Finance Secretary Tuhin Kanta Pandey on Monday said the FY26 Budget has given sufficient non-inflationary stimulus to the economy which will promote incremental growth. He said the Budget has a balanced "growth and inflation mix", while keeping exchange rates, macroeconomic stability in mind and controlling the fiscal consolidation. It will push incremental growth, work on the …

Raja Venkatraman reviews top sectors from this Budget and recommends a stock from each sector for today — 3 February
1 month, 3 weeks ago

Raja Venkatraman reviews top sectors from this Budget and recommends a stock from each sector for today — 3 February

Live Mint  

On February 1, the market displayed a fair amount of volatility, with the benchmark indices showing mixed movements. Sectors to watch out for in 2025 Automotive The Union Budget 2025 introduces significant reforms to boost India's auto sector. Overall, the Union Budget 2025 aims to accelerate the transition towards cleaner, more sustainable mobility while supporting domestic manufacturing, innovation, and economic …

Fitch rules out rating upgrade, but says fiscal targets realistic
1 month, 3 weeks ago

Fitch rules out rating upgrade, but says fiscal targets realistic

New Indian Express  

Mumbai: International rating agency Fitch has said the fiscal numbers – 4.8% fiscal deficit for this fiscal and 4.4% for the next-- proposed in the Budget 2025 looks realistic and achievable. On the rating impact of the Budget, he said; “Sustained deficit reduction, meeting of fiscal targets and continued adherence to transparency further bolsters India’s improving fiscal credibility, as we …

Budget 2025: Tax revenue assumptions seem somewhat optimistic
1 month, 3 weeks ago

Budget 2025: Tax revenue assumptions seem somewhat optimistic

New Indian Express  

The Union Budget for FY2026 attempts to strike a balance between supporting economic activity and fiscal consolidation, which is quite commendable given India’s current macroeconomic situation and the uncertain global environment. The Government’s assumption of 13.1% expansion in income tax collections in FY2026 is quite substantial, in light of the tax cuts, which are expected to lead to a revenue …

Beyond tax cuts, a closer read of the Union Budget
Trending News
1 month, 3 weeks ago

Beyond tax cuts, a closer read of the Union Budget

The Hindu  

The Union Finance Minister, Nirmala Sitharaman’s presentation of the Union Budget on Saturday, February 1, was against the backdrop of pressing macroeconomic challenges — persistently high taxes and unemployment squeezing the middle-income class, subdued private investment, mounting external vulnerabilities that threaten to derail the growth story, and a looming fiscal overhang. While the Finance Minister laid out an ambitious road …

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