UNION BUDGET EXPECTATIONS: FOCUSING GROWTH WITH STABILITY
- Credit Rating Agency in India
- Union Budget
- UNION BUDGET EXPECTATIONS: FOCUSING GROWTH WITH STABILITY
The Union Budget FY26 is a few days away from now, and market is filled with expectations. It has been anticipated that the budget may peg the nominal growth of India’s GDP at 10.4%, higher than 9.7% projected for FY25, which should be aligned with the fiscal deficit target below 4.5%.
Given the global uncertainty posed after Donal Trump has become the 47th president of the United States (US) once again, India among the emerging economies (EM) is in the process of adopting a carefully designed policy path, fighting with a continuous declining rupee and volatile inflation. The policy path ideally should be well-balanced with the objective of maximising growth and employment going forward.