The government is set to reduce the debt-GDP ratio to 50 per cent by March 2031 from the current 57.1 per cent, with Finance Minister Nirmala Sitharaman outlining a plan to lower the fiscal deficit to 4.4 per cent of GDP by FY26. This new roadmap aims for sustainable and transparent debt management.
Boost in urban infrastructure: HUA ministry allocated Rs 96,777 cr in Budget 2025-26
The Indian government increases the Union Housing and Urban Affairs Ministry’s budget allocation by 18% to Rs 96,777 crore for FY 2025-26. Key initiatives include