Union Budget 2026 balances capex push with fiscal discipline: Ind-Ra
The union government’s focus on fiscal consolidation has established fiscal credibility among investors and stakeholders over the years.
The union government’s focus on fiscal consolidation has established fiscal credibility among investors and stakeholders over the years.
The Survey strongly emphasises maintaining fiscal credibility and highlights improvements in public expenditure quality by both the union and state governments.
The report pegs credit growth at ~10–12% CAGR over the next five years with the expectation of continued deepening of banking assets as a share of GDP.
Major sectors which registered the highest growth in output in Dec’25 include motor vehicles, other transport equipment, computer, electronic, pharma, amongst others.