India met FY26 fiscal consolidation target, says Sitharaman in the US
- India met its fiscal deficit target for the 2025-26 fiscal year, with the deficit at 4.4% of GDP and 15.19 trillion rupees, following the fiscal consolidation roadmap.
- The government aims to reduce the debt-to-GDP ratio to 50% by 2030, contrasting with advanced economies where debt levels exceed 200%, and maintained fiscal prudence under Prime Minister Modi, leading to improved credit ratings.
- Fiscal consolidation was achieved without cutting funds for social welfare or infrastructure, and India sustained over 7% economic growth post-COVID-19 amid challenges like the Russia-Ukraine war and supply disruptions.
- To manage rising costs and risks, the government subsidized fertilizer prices and supported shipping insurance premiums to maintain imports, while advancing bilateral trade treaties due to slow progress in multilateral trade.
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The Siasat Daily
India to clock 7 per cent growth in FY27: FM Sitharaman
Chicago: Finance Minister Nirmala Sitharaman said on Sunday, August 30, that India is likely to sustain an economic growth rate of 7 per cent or more in the financial year 2026-27, continuing the momentum recorded in the years since the Covid-19 pandemic. Addressing the Indian diaspora in Chicago during her US visit, she said that … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on What…
Sitharaman hails India's resilience amid global uncertainties, says govt protected farmers, households
India maintained economic resilience by monitoring global events and focusing on domestic needs. The nation sustained over seven percent growth despite global challenges and pandemic impacts. Fiscal prudence guides India's path to reduce borrowing to fifty percent of GDP. Credit ratings are improving through effective economic management and social welfare support.
India met FY26 fiscal consolidation target, says Sitharaman in the US
Speaking to members of the Indian diaspora in Chicago during her official visit to the US, India's finance minister, Nirmala Sitharaman, said the government had set a target of reducing borrowing to 50% of GDP by 2030.
India hits FY26 fiscal deficit target, stays on debt-cut path: Nirmala Sitharaman
India's Finance Minister confirmed achieving fiscal deficit targets for 2025-26. The government plans to reduce the debt-to-GDP ratio to fifty percent by 2030. Domestic economic growth sustained over seven percent despite global headwinds. India managed fertilizer shortages and shipping risks through government intervention. Bilateral trade agreements are advancing due to slow multilateral progress.
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