Market snapshot: Union Finance Minister Nirmala Sitharaman announced that India has met its FY26 fiscal deficit target of 4.4% of GDP, representing a critical milestone in the post-pandemic fiscal consolidation roadmap. Speaking in Chicago, the Finance Minister reiterated India’s commitment to lowering its public debt-to-GDP ratio to 50% by 2030, emphasizing that this target will be achieved through disciplined economic management without compromising capital expenditure or social welfare funding.
Data Snapshot
- FY26 fiscal deficit stood at 4.4% of GDP, amounting to ₹15.19 lakh crore, which represents 97.5% of the revised budget estimates.
- The central government debt-to-GDP ratio declined to 55.7% in FY25, setting a firm foundation…