NEW DELHI, Jan. 1 -- India's medium-term fiscal strategy, anchored in narrowing the deficit and steering central government debt towards 50% of the gross domestic product (GDP) by fiscal year 2030-31 (FY31), remains on course despite mounting macroeconomic pressures, two senior officials have told Mint. They argue that the Centre's recent record of meeting deficit targets provides enough credibility and momentum to navigate the next phase of consolidation.

"The discipline built over the past few years gives us room to navigate the current volatility without losing sight of the medium-term path," said one of the persons mentioned above, who spoke under the condition of anonymity.

According to this official, the Centre expects to end FY26...