While the Union Budget ticks most of the boxes, the long-term fiscal policy strategy remains less articulated. The central government is expected to switch to a debt targeting framework from FY27.

The Union Budget for FY26 was presented in the context of emerging ... Overall, this Budget has ticked all the right boxes that will lead to inclusive and higher growth.

The Union Budget addresses current economic challenges by boosting consumption with a tax exemption up to Rs 12 lakhs and maintaining a strong capex focus. Fiscal consolidation continues with a ...