Try GOLD - Free
Fiscal deficit target within reach
Business Standard
|January 08, 2026
The government is likely to achieve its fiscal deficit target of 4.4 per cent despite a lower than budgeted print for the nominal gross domestic product (GDP) growth rate of 8 per cent in the first advance estimates released on Wednesday by the National Statistics Office.
With the nominal GDP for financial year 2024-25 (FY25) being revised upwards to %3307 trillion, as compared to the budgeted amount of $324.1 trillion, the growth for FY26 has come down to 8 per cent.
‘The budget estimates (BE) for this year had assumed a nominal GDP growth of 10.1 per cent. The nominal GDP for FY26, according to the first advance estimates, is %357.14 trillion against the BE oft 356.98 trillion. Fiscal deficit at 4.4 per cent of nominal GDP was budgeted at 15,7 trillion for FY26.
This story is from the January 08, 2026 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
'High-quality growth stocks better valued vis-à-vis rest of market'
Valuations, which have eased over the course of 2025, are likely to soften further as the time correction continues, and earnings growth is expected to pick up, says Vinay Paharia, chief investment officer, PGIM India Mutual Fund (formerly PGIM India Asset Management).
2 mins
January 12, 2026
Business Standard
Increasing discomfort
AI and social media need new norms of regulation
2 mins
January 12, 2026
Business Standard
Avoid chasing recent winners, dumping laggards prematurely
Build diversified portfolio to benefit from inevitable leadership rotation across assets
3 mins
January 12, 2026
Business Standard
Municipal bond issuances hit new record in FY26 due to fiscal support
Unlike earlier reform phases, current framework of Amrut 2.0 provides quantified incentives that lower cost of borrowing, Anjali Kumari writes
2 mins
January 12, 2026
Business Standard
'India to manufacture 3 nm chips by 2032'
With several semiconductor (semicon) manufacturing plants set to begin commercial production this year and a major push planned under the IndiaAI Mission, Union Minister for Electronics and Information Technology Ashwini Vaishnaw outlines the government's strategy to position India as a key global player in an email interview with Surajeet Das Gupta.
3 mins
January 12, 2026
Business Standard
Realty moves to the core of conglomerates’ biz strategy
India’s leading conglomerates are stepping up investments in real estate, recasting what was once a peripheral activity into a core growth driver.
3 mins
January 12, 2026
Business Standard
Cuba should strike a deal with US 'before it is too late': Trump
US President Donald Trump on Sunday suggested Cuba should strike a deal with Washington, warning that the island nation would no longer receive oil or money from Venezuela.
1 mins
January 12, 2026
Business Standard
Petroleum product exports touched record high in 2025
This despite West sanctions on Russian oil and Suez Canal hurdles
2 mins
January 12, 2026
Business Standard
‘Sovereign AI a national goal for India’
FROM PAGE 1
2 mins
January 12, 2026
Business Standard
Google guys say bye to California as state weighs one-time billionaire wealth tax
Larry Page and Sergey Brin, two Stanford University graduate students, created the search engine in 1998 and built the startup out of a friend’s garage in Menlo Park, Calif.
2 mins
January 12, 2026
Listen
Translate
Change font size