New Delhi, Jan. 26 -- The union Budget for 2026-27 will be presented against a backdrop of heightened global uncertainty, fragmented financial markets, rising commodity prices and growing concerns over global debt sustainability, according to the SBI report released here on Monday.
Despite these challenges, India continues to stand out as a zone of relative stability, supported by strong macroeconomic fundamentals and a post-pandemic recovery that has outperformed both its peers and high-income economies.
SBI Research expects nominal GDP growth relevant for Budget calculations to be in the range of 10.5-11 per cent in FY27, partly driven by elevated global commodity prices feeding into wholesale inflation.
On this basis, the fiscal defic...