New Delhi, Nov. 2 -- Achieving the full-year Financial Year 2026 (FY26) fiscal targets appears challenging amid subdued growth in corporate and income tax revenues, according to a report by the Union Bank of India.

The reduced fiscal deficit target for FY26 was premised on strong tax collections, even as the government maintains its strong capital expenditure push to stimulate consumption and job creation.

"The reduced fiscal deficit target for FY26 was premised on strong tax collections, while the government continues its robust capex push--essential for stimulating consumption and creating jobs. However, achieving the full-year FY26 fiscal math appears challenging amid subdued growth in corporate and income tax revenues," the report a...