India's medium-term macro outlook remains constructive as the Union Budget for FY27 signals continuity in capital expenditure alongside a softer fiscal drag, according to a report by Goldman Sachs.
The Union Budget's continued focus on capital expenditure and manufacturing is a positive, but a slower pace of fiscal consolidation and higher market borrowings are disappointing, according to investment bank Nomura.
The Union Budget for FY27 has adopted a calibrated approach to fiscal consolidation while prioritising higher government spending and sector-specific incentives, according to a report by Jefferies.
Rajasthan Deputy Chief Minister Diya Kumari, on Monday, hailing the 2026-27 Union Budget, underlined the country's progress toward the aim of "Viksit Bharat"
Pakistan's National Finance Commission has stalled, with most working groups inactive and the second meeting delayed. Provinces and the centre differ over revenue sharing and reforms, raising concerns about further delays to the long-pending 11th NFC award meant to guide distribution of fede
Congress leader DK Suresh criticised the Union Budget for 2026-2027, alleging that the fiscal plan provides no new roadmap for southern states, declaring that the budget offers "nothing" at all to the people.
"The central government has not given any special grant for any project... They should have given some special preference and special allotment for Andhra Pradesh...," he said.
Union Civil Aviation Minister Ram Mohan Naidu lauded the Union Budget for 2026-2027, emphasising that the civil aviation sector has emerged as a primary beneficiary of the government's latest fiscal roadmap.
"USIBC welcomes the Union Budget 2026-27 which underscores the Government of India's continued focus on economic growth, resilience, and global competitiveness. At a time of continued geopolitical uncertainties, the budget reflects India's ambition to sustain momentum as one of the world'
The Finance Minister noted that the economy faces global uncertainties, disrupted supply chains and rising demands for energy and critical minerals, necessitating resilient and forward-looking policy measures. Some of the key announcements of the budget were the public capital expenditure
The minister pointed out that the revenue deficit grant received by Himachal Pradesh under the recommendations of the Finance Commission has been steadily decreasing in recent years and has now been practically eliminated, whereas, given the state's financial situation and the heavy losse