New Delhi, Feb. 1 -- union Finance Minister Nirmala Sitharaman on Sunday reaffirmed the government's commitment to fiscal consolidation, pegging the fiscal deficit for 2026-27 at 4.3 percent of GDP while announcing gross market borrowings of Rs 17.2 lakh crore in the union Budget presented in Lok Sabha.
Presenting the Budget, Sitharaman said India's public finances have been placed on a stable and credible path despite global uncertainties, supported by sustained economic growth, prudent expenditure management and higher capital investment. "Since we assumed office, the country's economic trajectory has been marked by stability, fiscal discipline, sustained growth and moderate inflation. This is the result of conscious choices we have made...