Consumption

Budget boosts consumption, fiscal prudence, capex: report

The Union Budget 2025–26 has been crafted as a bold move toward fiscal consolidation and long-term structural reforms, with the government keeping the fiscal deficit at 4.4% for FY26 while boosting capital spending by 10% to ₹11.2 lakh crore, according to a report by PL Capital on Monday. The report highlights that the Budget strikes a delicate balance, ensuring credibility in debt management without compromising growth. The government has not only provided for an increase in Capex but cen...

May 17, 2024 7:58 PM

UN boosts India’s 2024 growth forecast citing strong investment, consumption

The United Nations upwardly raised India's economic growth projections for 2024 from 6.2 per cent to 6.9 per cent mainly driven by strong public investment and resilient private consumption, joining IMF that recently upped the country's growth forecast. United Nations, in its mid-year update, titled World Economic Situation and Prospects, reaffirmed that India is set to remain the fastest-growing major economy this fiscal. Separately, the IMF, in its latest outlook, raised India's growth projec...