India's FY27 Budget Targets Growth, Fiscal Prudence
India's Finance Minister Nirmala Sitharaman presented the Union Budget for fiscal year 2026-27, emphasizing sustained economic growth and fiscal consolidation with an estimated fiscal deficit of 4.3% of GDP. The budget significantly boosts public capital expenditure to an unprecedented ₹12.2 lakh crore for FY27, an 11.5% increase, aiming to drive infrastructure development, job creation, and strengthen key sectors like manufacturing and MSMEs towards the "Viksit Bharat" vision by 2047.