Budget 2026: FM to refrain further fiscal consolidation, likely to maintain FY27 fiscal deficit at 4.4%, same as FY26: Nuvama

New Delhi [India], January 21 (ANI): The Finance Minister, in the upcoming Union Budget 2026, is likely to refrain from further fiscal consolidation in FY27, according to a report by Nuvama.

The report said the Indian economy is bottoming out, but growth impulses remain weak. While tax cuts announced in 2025 are helping select pockets of consumption, the benefits may not spread widely due to anticipated spending