Union Budget 2026–27 se pehle fiscal policy ko lekar ek badi report saamne aayi hai. Bank of America (BofA) Securities ke mutabik, FY27 se India ki fiscal policy less contractionary ho sakti hai, kyunki central government apna focus sirf fiscal deficit se hata kar debt-to-GDP targeting framework par shift karne ki planning mein hai.
Report ke according, Centre FY26 ka fiscal deficit target 4.4% of GDP successfully achieve karne ke track par hai. Iske baad FY27 mein fiscal deficit slightly narrow hokar 4.3% tak aa sakta hai. BofA ka kehna hai ki yeh shift government ko growth ko support karne ke liye thoda zyada fiscal space de sakta hai.
BofA ne ye bhi highlight kiya hai ki strong capital expenditure execution, better tax collections aur lower energy prices ki wajah se government ke paas extra fiscal headroom bana hai. Iska matlab hai ki aane wale saalon mein government spending nominal GDP growth ke saath aligned reh sakti hai, bina fiscal discipline ko compromise kiye.
Report ke mutabik, government ka medium-term goal central debt-to-GDP ratio ko FY27 mein around 55% tak laana hai. Debt targeting approach se government ko long-term fiscal sustainability maintain karne mein madad milegi, saath hi economic growth aur public investment ko bhi support milega.
Experts ka maanna hai ki agar ye strategy sahi tarah implement hoti hai, to markets ke liye positive signal ho sakta hai, especially infrastructure, banking aur capital goods sectors ke liye. Ab sabki nazar Budget 2026 par hai, jo February 1 ko pesh kiya jaana hai, jahan government apni future fiscal roadmap ko aur clearly outline kar sakti hai.
Union Budget 2026–27 se pehle fiscal policy ko lekar ek important update saamne aayi hai. Bank of America (BofA) Securities ki report ke mutabik, FY27 se India ki fiscal policy less contractionary ho sakti hai, kyunki central government apna focus sirf fiscal deficit control se hata kar debt-to-GDP targeting framework par shift karne ki planning kar rahi hai.
Report ke according, Centre FY26 ka fiscal deficit target 4.4% of GDP achieve karne ke track par hai. Iske baad FY27 mein fiscal deficit thoda kam hoke 4.3% tak aa sakta hai. BofA ka maanna hai ki ye shift government ko growth support karne ke liye thodi zyada fiscal flexibility de sakta hai.
BofA ne ye bhi highlight kiya hai ki strong capital expenditure execution, better tax collections aur lower energy prices ki wajah se government ke paas additional fiscal headroom bana hua hai. Iska matlab ye hai ki aane wale saalon mein government spending nominal GDP growth ke saath aligned reh sakti hai, bina fiscal discipline ko compromise kiye.
Report ke mutabik, government ka medium-term goal central debt-to-GDP ratio ko FY27 tak lagbhag 55% ke aas-paas laana hai. Debt targeting approach se long-term fiscal sustainability maintain karne mein madad milegi, saath hi public investment aur economic growth ko bhi support milega.
Experts ka kehna hai ki agar ye strategy effectively implement hoti hai, to ye markets ke liye positive signal ho sakta hai — khaaskar infrastructure, banking aur capital goods sectors ke liye. Ab sabki nazar Budget 2026 par hai, jo 1 February ko present kiya jaana hai, jahan government apni future fiscal roadmap ko aur clearly outline kar sakti hai.