Despite downward revision in nominal GDP, India's fiscal dynamics remain comfortable: UBI Report

New Delhi [India], March 3 (ANI): Despite a downward revision in nominal GDP following a change in the base year, India's overall fiscal dynamics remain very comfortable, with the fiscal deficit contained at 63 per cent of the revised estimates (RE) during April-January FY26, according to a report by Union Bank of India.

On the statistical front, the report highlighted that with the GDP base year revised to 2022-