Fisc forward, balancing multi-objectives: GoI's fiscal consolidation efforts are also closely tied to its broader economic reforms agenda

Nirmala Sitharaman’s budget strategy ensures India's stability and growth through robust fiscal foundations. The government balances public investment, social welfare, and fiscal deficit reduction, setting the FY25 target at 4.9% of GDP with a goal below 4.5% by FY26. Lower deficits enhance credibility and attract investment. Infrastructure capital expenditure boosts growth and revenues, with state governments receiving support. Reforms target renewable energy, skill development, and digital infrastructure for competitiveness.