Economists say India's fiscal deficit may widen if tensions with Pakistan persist, although the broader economic impact is expected to be limited if conflict remains contained
Moody's Ratings says India's economy remains resilient despite Pak tensions, but increased defence expenditure could weigh on fiscal strength and delay consolidation
Sitharaman's comment comes at a time when forecasting agencies have pared down their FY26 growth estimates for India amid growing global uncertainty
China's tax revenue fell 3.5% in the first quarter from the previous year, while non-tax revenue surged 8.8%, the ministry said
In the annual budget in February, India revised lower its fiscal deficit target for the current financial year to 4.8% of GDP and aimed to further narrow it to 4.4% in 2025-26
In the previous auction, the cut-off yield on 10-year state bonds was set in the range of 7.18 per cent to 7.27 per cent
Finance minister Thangam Thennarasu said that the state's revenue for the financial year 2025-26 is estimated at Rs 3,31,569 crore, while expenditure is estimated at Rs 3,73,204 crore
Gross additional spending to be matched by savings of Rs 6.27 trillion
In actual terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 11,69,542 crore during the April-January 2024-25 period
The report further noted that both the IMF and the government saw a need for medium-term fiscal consolidation but considered targeting a more gradual pace of adjustment to be appropriate
According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat
Since the finance minister announced a glide path based on debt-to-GDP ratio to measure fiscal deficit, opinion has been divided on the move since it would also reflect on government borrowings
On the monetary side, the Reserve Bank on Friday slashed the policy rate by 25 basis points, the first rate cut in five years to support growth
Our editorials and columns look at the consequences of policy actions, and how they can have far-reaching impacts
The government has reduced its borrowings estimate for next financial year to Rs 11.54 trillion on net basis as it expects an improvement in tax collection
The Secretary said the economy would reap a lot more benefits with monetary easing and keeping inflation under control
From nuclear power generation to agri reforms, from a noisy middle class to central bank's moves on interest rates, the government must jump over many obstacles to achieve its objectives
Overall, the government has taken a disciplined approach in this Budget, keeping long-term benefits in mind
Reduction in sovereign debt-to-GDP ratio requires a decline in fiscal deficit in proportion to GDP
The Budget represents a continuation and an acceleration of the government's multi-pronged economic development strategy