Govt capex growth to slow down, fiscal consolidation to continue in FY26: Goldman Sachs

Goldman Sachs anticipates a slowdown in government capex growth for the next financial year. Finance Minister Nirmala Sitharaman is likely to announce a 13 per cent increase in public capex. The government aims to narrow the fiscal deficit to 4.5 per cent of GDP. There will be a focus on rural transfers and welfare spending.