Fiscal Policy News - Latest Updates & Headlines
Focus on fiscal consolidation, growth supports India's credit profile: CareEdge Global
New Delhi, February 9: The Union Budget for 2025-26, presented on February 1, reinforces credibility in India's fiscal consolidation roadmap while emphasizing boosting the economy's overall growth potential, CareEdge Global Ratings said in a report.
RBI cuts repo rate by 25 basis points to 6.25 per cent to spur growth
Mumbai, Feb 7: The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent.
India's debt to decline to 50-51% if it maintains a nominal growth rate of 10.5 %: SBI Funds
New Delhi, February 6: If India maintains a nominal growth rate of 10.5 per cent its fiscal deficit is expected to reduce to 4 per cent of GDP in the next financial year (FY26), according to a report by SBI Funds.
Govt market borrowings for FY26 are well placed, but alternative funding options should be explored: SBI Report
New Delhi, February 5: The government's market borrowing plans for the financial year 2025-26 (FY26) appear well-placed to support fiscal policy while complementing monetary policy, according to a report by the State Bank of India (SBI).
India's Fiscal and Monetary Policies shift towards supporting economic growth: Morgan Stanley
New Delhi, February 4: India's fiscal and monetary policies are now focusing more on supporting economic growth, aligning with expectations of a cyclical recovery, according to a report by Morgan Stanley.
India's current account deficit to widen in FY26, GDP to grow by 6.5 per cent: Crisil
New Delhi, February 3: India's economy is expected to grow at 6.5 per cent in the financial year 2025-26 (FY26), slightly higher than the 6.4 per cent growth estimated for the ongoing fiscal year (FY25), according to a report by Crisil.
Govt plans to use borrowings for capex, it is non-inflationary, says Finance Secretary
New Delhi, February 3: India is using its market borrowings for Capital Expediture and its Budget is non-inflationary, said Tuhin Kanta Pandey, Finance and Revenue Secretary on Monday.
Government's consumption growth estimated to improve in FY25
New Delhi, Feb 2: The government consumption growth is estimated to improve in FY25 given the increase in the revenue expenditures of both state and union governments, while private consumption growth is expected to be driven by rural demand, easing inflation and a favourable base, according to a report on Sunday.
Union Budget 2025 paves way for India's transformation into a USD 30 tn economy: Amitabh Kant
Jaipur, February 2: NITI Aayog's former CEO Amitabh Kant has hailed the Union Budget 2025 as one of the most progressive and forward-looking financial plans, asserting that it lays the foundation for India's sustained economic growth at 8-9 per cent over the next three decades.
Budget 2025-26 maintains high Capex amid fiscal prudence: BoB analysis
New Delhi, Feb 2: The Union Budget for 2025-26 has maintained fiscal prudence without compromising on the quality of expenditure and the government's borrowing program has been stable, which is positive for markets, according to an analysis by Bank of Baroda economists.
Budget aims to lift overall consumption to stimulate economic growth
New Delhi, Feb 2: The Union Budget 2025-26 ultimately aims to lift overall consumption which is the need of the hour to stimulate economic growth, said a report on Sunday.
With careful pruning of schemes, expenditure assumptions can be met: HSBC on Budget 2025-26
New Delhi, Feb 1: The Central government on Saturday announced a consumption stimulus (cuts in personal income tax rates), held on to its capex thrust, and yet stayed on the fiscal consolidation path, an HSBC report said.
FM Sitharaman cuts fiscal deficit to 4.4 per cent of GDP
New Delhi, Feb1: Finance Minister Nirmala Sitharaman on Saturday presented the Budget 2025-26 in Parliament which aims to give a big push to employment-led growth with its focus on the agricultural and rural sector, MSMEs, and exports, while sticking to the fiscal consolidation path to ensure stability in the economy.
Karnataka CM Siddaramaiah submits demands to Finance Minister ahead of Budget, calls for fair approach from Centre
Bengaluru, January 31: Karnataka Chief Minister Siddaramaiah has submitted Karnataka's list of demands to the Union Government ahead of the Budget presentation for the financial year 2025-26 tomorrow.
India to grow 6.3-6.8% in 2025-26, projects Economic Survey; needs sustained 8% growth to achieve Viksit Bharat target
New Delhi, January 31: India's economy is projected to grow between 6.3 per cent and 6.8 per cent in the next financial year 2025-26, said Economic Survey 2024-25, tabled in Parliament on Friday.
India to grow by 6.3-6.8 percent in FY26 : Economic Survey
New Delhi,, January 31: India's economy is projected to grow between 6.3 per cent and 6.8 per cent in FY26, according to the Economic Survey 2024-25, tabled in Parliament on Friday.
20 per cent capex growth crucial for boosting India's GDP: EY report
New Delhi, January 30: The upcoming union budget should increase the capital expenditure (Capex) by at least 20 per cent to revive domestic demand, private consumption and ensure sustainable GDP growth says the EY Economy Watch January 2025 report.
Budget to focus on rural development, youth, women empowerment and job creation: Yes Bank report
New Delhi, January 29: The upcoming Union Budget for FY26 is expected to focus on rural development, youth and women empowerment, fine-tuning the Employment Linked Incentive Scheme, and enhancing the skilling program according to a report by Yes Bank. Additionally, capital expenditure may shift focus to new sectors beyond railways and roadways, which are nearing capacity saturation.
64% of industrialists optimistic about India's growth: FICCI's pre budget survey
New Delhi, January 28: Ahead of Union Budget on February 1, about 64 per cent of industrialists expressed optimism regarding India's growth in a "quick survey" conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI).
Union Budget FY25-26 to focus on fiscal prudence and targeted reforms: Phillip Capital report
New Delhi, January 27: The Union Budget for FY25-26 is expected to prioritize fiscal prudence while addressing muted growth trends through targeted reforms, according to a report by Phillip Capital.
India remains bright spot supported by strong macro fundamentals: Report
New Delhi, Jan 25: India continues to remain the bright spot globally, supported by its strong macro fundamentals and the government should focus on adherence to fiscal prudence and continue the fiscal consolidation path, a new report has suggested.
Union Budget 2025 may introduce changes in income tax slabs: Nomura report
New Delhi, Jan 23: Global financial services company Nomura on Thursday said the Centre will focus on both fiscal consolidation and growth-supportive measures in the upcoming Union Budget for 2025-2026, predicting that the government may introduce changes to the personal income tax slabs to encourage consumer spending.
Union Budget will balance fiscal consolidation and growth; Capital expenditure likely to rise to Rs11-11.5 lakh cr: Report
New Delhi, January 22: The Union Budget for the fiscal year 2025-26, to be presented on February 1, 2025, is expected to strike a delicate balance between fiscal consolidation and growth-oriented measures, according to a Bank of Baroda report.
Centre likely to stay on fiscal consolidation path in FY26, targets 4.5 pc fiscal deficit: Report
New Delhi, January 21: The Centre is expected to continue its fiscal consolidation efforts in FY26, with a fiscal deficit target of 4.5 per cent of GDP, according to a report by Emkay Research.
Union Budget 2025 to prioritize growth with focus on CAPEX, infrastructure, and social welfare: Report
New Delhi, January 20: The upcoming Union Budget is expected to prioritize growth by significantly enhancing capital expenditure (CAPEX) with key focus areas anticipated to include infrastructure projects such as roads, water supply systems, metro systems, railways, defence, digital infrastructure, green technologies, and social welfare initiatives, according to Axis Securities report.
World Bank expects India's fiscal deficit to shrink further amid rising tax revenues
New Delhi, Jan 19: India's fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report.
India's fiscal deficit to shrink continuously amid strong tax revenues: World Bank
New Delhi, January 17: The fiscal deficit in India is expected to shrink continuously, driven by growing tax revenues, according to the latest World Bank report.
Despite cyclical downturn in India, govt unlikely to unleash any fiscal stimulus measures: Report
New Delhi, January 14: India is currently experiencing a cyclical economic downturn, with gross domestic product (GDP) growth projected at 6.1 per cent for both FY25 and FY26, according to a report by Nirmal Bang.
Union budget may see fiscal consolidation but rural, welfare and subsidies may go up: Goldman Sachs Report
New Delhi, January 13: With the Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.
Centre release 1.73 lakh crore to States towards tax devolution
New Delhi, January 10: The Union Government has released tax devolution of Rs 1,73,030 crore to State Governments today, as against the devolution of Rs 89,086 crore in December 2024.
Policy support in upcoming budget could help India's growth recover to 7 pc in FY26: SBI MF Report
New Delhi, January 10: Government's policy support in the upcoming Union Budget 2025 could play a key role in boosting India's economic growth to approximately 7 per cent in FY26, from an expected 6.3 per cent in FY25, says a report by SBI Mutual Fund.
Budget should focus on increasing capex, checking fiscal deficit, reducing debt to GDP: EY India
New Delhi, January 8: Emphasis on fiscal consolidation, tax system simplification, and investment-driven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young India.
Indian economy expected to grow at 6.8 % in the next fiscal, FY2025-26: Bank of Baroda Report
New Delhi, January 8: It may be a subdued growth in the current financial year but the Indian economy is projected to grow by 6.8 per cent in the financial year 2025-26, supported by strong high-frequency indicators, according to a report by Bank of Baroda.
India's Fiscal impulse improves in Nov'24; further pickup likely in rest of FY25: Report
New Delhi, January 7: India is on the path of fiscal prudence as the government has spent around 52.5 per cent of the budget estimate (BE) of its deficit in the first seven months of FY25, says a report by the Union Bank of India.
Government likely to prioritise Capex in FY26 with 16-20% allocation: JM Financial
New Delhi, January 5: 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 report.
Government to prioritise Capex in FY26 with 16-20% allocation: JM Financial
New Delhi, January 5: 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 report.
India's CAD to remain elevated in FY26 also due to stringent global trade policies: Report
New Delhi, January 4: India's current account deficit (CAD) is expected to remain elevated in FY26 due to stringent global trade policies, according to a report by JM Financial.