New Delhi [India], February 1: The Union Budget for FY25-26 strikes a balance between fiscal discipline and the need for sustained economic growth. The government's decision to reduce the fiscal deficit target from 4.8% to 4.4% is an important step towards long-term financial stability. Alth
Presenting the Union Budget, Finance Minister Nirmala Sitharaman on Saturday pegged the fiscal deficit target at 4.4 per cent of GDP for the financial year 2025-26.
After the Economic Survey projected India's real GDP growth for FY26 in the range of 6.3-6.8 per cent, a report by Bank of Baroda stated that with an assumed GDP deflator of 3.5 per cent, the country's nominal GDP growth could be around 9.8-10.3 per cent.
India must grow around 8 per cent for a decade or two to achieve its Viksit Bharat dreams, the Economic Survey has asserted, at a time when the country's growth showed weak progress in the first two quarters of the current financial year.
Revolutionary Socialist Party MP NK Premachandran raises concerns over India's fiscal situation, questions the feasibility of a $5 trillion economy and 7% GDP growth target.
Congress MP Rajiv Shukla on Friday slammed the BJP-led government at the Centre for its handling of the economy, saying that inflation is on the rise while GDP growth is not sufficient.
As the Budget session of Parliament begins, Congress leader Udit Raj criticized the economic situation, citing a decline in manufacturing, GDP, and domestic consumption, while taxes continue to rise.
The Indian government has spent over Rs 54 lakh crore on capital expenditure in the past 11 years, according to a report by Systematix Institutional Equities.
Noting that India's GDP growth for 2024-25 is expected to be 6.4 per cent as per government data, the Congress on Thursday said that the Modi government is taking India into the "middle-income trap, which will make us uncompetitive, underproductive, and unequal".
The government is expected to continue on its fiscal deficit reduction path, bringing it down to 4.4 per cent of GDP in FY26. A strategic focus on investment and spending reforms will help balance fiscal prudence with economic expansion.
The study was launched on Wednesday at 'Utkarsh Odisha - Make in Odisha Conclave,' held in Bhubaneswar. According to a statement from the Odisha government, the study finds that this could directly contribute Rs 2 lakh crore to the state's GDP, boosting it by 23 per cent and positioning Odis