The Confederation of Indian Industry (CII) outlined a comprehensive four-point fiscal strategy to strengthen India's macroeconomic stability, focusing on debt sustainability, fiscal transparency, revenue mobilisation, and expenditure efficiency.
Real GDP grew 8.2% in Q2 FY26, driven by balanced expansion in manufacturing and services, while inflation has fallen to a near-record low of 0.7%, giving policymakers room to prioritise growth without stoking price pressures.
The Union Government's fiscal strategy for financial year (FY) 2026 will prioritise capital expenditure (Capex), with a major allocation expected to range between 16-20 per cent, from its revised estimates of 90 per cent of FY25 Budgeted Estimates (BE) stated JM Financial in its latest re
The additional installment of funds is part of a broader fiscal strategy outlined in the Interim Budget for 2024-25, which has allocated Rs 12,19,783 crore towards the devolution of taxes to states.
Fitch Ratings highlights that these targets align closely with their assumptions when affirming India's rating at 'BBB-' with a Stable Outlook in January.