Modi's Budget: Boost Spending, Reforms Amid US Tariffs & Global Risks
Budget
M
Moneycontrol•29-01-2026, 12:06
Modi's Budget: Boost Spending, Reforms Amid US Tariffs & Global Risks
- •Prime Minister Narendra Modi's government is expected to announce measures to improve ease of doing business and boost infrastructure spending in the upcoming budget.
- •Finance Minister Nirmala Sitharaman is likely to push public spending, simplify import-duty regime, and ease compliance for small businesses, while maintaining fiscal discipline.
- •Capital spending on roads, ports, and energy assets may exceed 12 trillion rupees for the next fiscal year, with defense outlay also potentially rising.
- •The budget aims for a fiscal deficit target of 4.2% of GDP for the next fiscal, working towards reducing federal debt to 50% of GDP by 2030-31.
- •The government is diversifying trade ties, including a free trade deal with the EU and focusing on Canada, to counter global protectionism and US tariffs.
Why It Matters: Modi's budget balances increased spending and reforms with fiscal discipline to counter global economic challenges.
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