Union Budget 2026: Fiscal policy to turn pro-growth as government moves to target debt-to-GDP, economists say

India Budget 2026: India's fiscal policy is set to favor growth as the government shifts its focus to a debt-to-GDP ratio target from April 2026. This move is expected to lead to a gentler pace of fiscal tightening. Economists anticipate gross borrowings to reach record highs, though net borrowings may remain stable, potentially impacting bond markets.