Buoyant revenues give room to sustain govt capex, push fiscal consolidation: ICICI Bank report

New Delhi [India], January 25 (ANI): Buoyant revenue streams give the government room to keep capital expenditure spending steady, at about 3.1 per cent of GDP, while continuing on the path of fiscal consolidation, according to a pre-Budget report by ICICI Bank Global Markets.

2025-26 was driven by both fiscal and monetary stimulus amid mounting external headwinds.

On the fiscal front, both income and GST s