Despite a downward revision in nominal GDP following a change in the base year, India's overall fiscal dynamics remain very comfortable, with the fiscal deficit contained at 63 per cent of the revised estimates (RE) during April-January FY26, according to a report by Union Bank of India.
Stronger-than-expected economic growth has led to hardening of bond yields, leaving the market divided over the Reserve Bank of India's upcoming monetary policy decision, a report by Union Bank of India stated.