Budget FY26: Goldman Sachs highlights focus on fiscal deficit, growth

Quick Summary:

India's elevated public debt-to-GDP ratio remains a concern.

After a phase of rapid growth, capex is now expected to grow in line with or below the rate of nominal (Gross Domestic Production) GDP growth.

Welfare spending will likely revert to pre-pandemic trends, with allocations expected to be around 3 per cent of GDP in FY26.

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Category: BusinessFinance

Markets: India

Topics: Tax collections FY25 Fiscal consolidation India Fiscal policy India Government bond liquidity Goldman Sachs report India India's fiscal deficit reduction MSME credit support Budget planning India Public debt-to-GDP ratio Capex growth FY26 RBI bond purchases Energy transition India Budget roadmap India Welfare spending India Union Budget 2025 Job creation India India public expenditure trends Fiscal deficit target Government spending FY26 Rural development budget Economic growth India Public debt India India fiscal deficit FY26 Fiscal stability India Fiscal consolidation benefits India 2047 economic strategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 17:34:16 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25105022

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