GDP

Even for 2025-26, miscellaneous capital receipts were budgeted at ₹47,000 crore, but were later revised down

The Union Budget for 2026-27 has also placed a clear bet on urbanisation as an engine of growth

Experts say announcements focus on sustenance of growth, resilience

the 16th Finance Commission kept tax devolution at 41%, added GDP contribution as a new criterion, dropped revenue deficit grants, and pushed states towards stronger fiscal discipline

> Expects GDP to grow at 6.8-7.2% in FY27 amid macroeconomic stability > Says ₹ 'punching below its weight', geopolitics shaping capital flows

Fiscal indiscipline at the state level casts a shadow on sovereign borrowing costs

As the Union Budget nears, the focus must shift to debt, deficits, and borrowing from household savings, and how these choices affect private investment, manufacturing growth, and jobs

Why does economic growth matter more than new taxes in Budget 2026? This video explains tax buoyancy and how tax revenue grows with GDP, using Budget data from FY19 to FY26. It breaks down key numbers

The Centre's higher gross borrowing won't be a challenge in FY27, but the increasing size of state development loans is a concern

The forthcoming Budget could think of maintaining public capital expenditure at 3% so that domestic resources are available for private investments

Economists expect the Union Budget to peg FY27 nominal GDP growth at 10-10.5%, aided by rising inflation and a low base, influencing debt and fiscal metrics

They can help ensure that India remains on a high-growth trajectory over the next two decades

The report suggests that growth in aggregate revenue receipts slowed to 7.2 per cent year-on-year during April-November 2025

India's economy is expected to grow at 7.5 per cent in 2025-26 with upward bias, marginally higher from NSO's estimate of 7.4 per cent, according to a report by State Bank of India. The First Advance Estimates released by National Statistics Office (NSO) on Wednesday put GDP growth in 2025-26 at 7.4 per cent as compared to 6.5 per cent in the previous fiscal. The RBI has projected the growth rate at 7.3 per cent. The gross value added (GVA) growth is estimated at 7.3 per cent and nominal GDP expansion at 8 per cent. Historically, the difference between Reserve Bank's estimate and NSO's estimate is 20-30 basis points and hence the 7.4 per cent estimate is quite expected and reasonable, said the research report from SBI's Economic Research Department. "We, however, believe that GDP growth for FY26 would be around 7.5 per cent with upward bias. The second advance estimates, incorporating additional data and revisions, are scheduled to be released on February 27, 2026. "So, all these

Nominal growth expected at 8%, slowest since FY21; fiscal deficit target likely to be met

The Budget estimates for this year had assumed a nominal GDP growth of 10.1 per cent

Prime Minister Narendra Modi on Wednesday said India's "Reform Express" is gaining momentum, powered by the NDA government's investment policies as the economy is projected to grow at 7.4 per cent in the fiscal year 2026. "India's Reform Express continues to gain momentum. This is powered by the NDA Government's comprehensive investment push and demand-led policies," Modi said in a post on X. The First Advance Estimates released by the Ministry of Statistics and Programme Implementation on Wednesday put the GDP growth rate in 2025-26 (April 2025 to March 2026) at better than the 7.3 per cent forecast of the Reserve Bank of India (RBI) and the government's initial projection of 6.3 to 6.8 per cent. "Be it infrastructure, manufacturing incentives, digital public goods or 'Ease of Doing Business', we are working to realise our dream of a prosperous India," the prime minister said.

The projection formed part of India's first advance estimate of gross domestic product (GDP), which is subject to revisions as data coverage improves

After nearly 18 months of lukewarm performance, the FMCG sector registered a volume growth of 5.3 per cent in the August-October period of 2025

RBI says household debt rose to 41.3% of GDP at end-March 2025, led by consumption-oriented retail loans, even as net financial savings improved in Q4 FY25