fiscal consolidation

December 17, 2025 6:33 PM

Cutting debt-to-GDP ratio will be govt’s core focus next fiscal: FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said that reducing India’s debt-to-GDP ratio will be the government’s core focus in the next financial year 2026–27, stressing the need for sustained fiscal discipline to support long-term growth. Speaking at a media interaction in the national capital, the Finance Minister noted that the country’s debt-to-GDP ratio had crossed 60 per cent during the Covid-19 period but has since begun to decline. “It is already coming down, but we nee...

August 19, 2025 8:48 PM

India’s growth momentum intact despite US tariffs: S&P global ratings

India’s long-term growth prospects remain strong despite higher US tariffs, according to S&P Global Ratings, which upgraded the country’s sovereign credit rating to “BBB” with a stable outlook — the first such upgrade in 18 years. The global rating agency cited robust domestic demand, fiscal consolidation, and supportive monetary policy as key factors underpinning the upgrade. It projected India’s economy to grow at an average of 6.8% over the next three years, driven by inf...

August 4, 2025 3:02 PM

India poised to take larger share in global output: Morgan Stanley

India is likely to capture a larger share of global output over the next few decades, driven by strong demographic trends, improving infrastructure, and policy stability, according to a report by Morgan Stanley Research. The report highlights a combination of factors — including robust population growth, a functioning democracy, macroeconomic stability, a growing entrepreneurial base, and improved social indicators — that are expected to position India as one of the most attractive global c...