India meets FY2025-26 fiscal deficit target, credit ratings on the rise: Sitharaman
Finance Minister Nirmala Sitharaman announced that India has successfully met its fiscal deficit target for 2025-26, reflecting strong fiscal discipline. The government aims to bring the debt-to-GDP ratio down to 50 percent by 2030 as part of its medium-term fiscal strategy. Sitharaman noted that fiscal consolidation was achieved without cutting back on social welfare schemes or infrastructure spending. Fertiliser supply was kept stable through strategic subsidy arrangements. India is also actively pursuing bilateral trade deals as progress on multilateral trade agreements remains slow.
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