New Delhi, Feb. 9 -- The Union Budget for 2025-26, presented on February 1, reinforces credibility in India's fiscal consolidation roadmap while emphasizing boosting the economy's overall growth potential, CareEdge Global Ratings said in a report.

Both these aspects -- commitment towards fiscal consolidation and emphasis on boosting the economy -- support CareEdge Global's of India at 'CareEdgeBBB+/Stable'.

At the same time, CareEdge Global believes that more needs to be done to address other credit weaknesses, such as high interest-to-revenue metrics and low-income levels over the coming decade.

The central government has stayed on the path of fiscal consolidation with fiscal deficit-to-GDP budgeted at 4.4 per cent in the fiscal year ...