Govt capex growth to slow down, fiscal consolidation to continue in FY26: Goldman Sachs

Quick Summary:

Goldman Sachs predicts a slowdown in government capex growth to 13% in the new fiscal year, down from 17% in FY24.

The fiscal deficit is projected to narrow to 4.5% of GDP.

The budget will likely focus on rural and welfare spending, job creation, and long-term economic policy towards 2047.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaAustralia

Topics: Union budget announcement Goldman Sachs GDP growth Business news Government capex growth Fiscal consolidation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 20:24:21 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 790 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25105424

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