The government plans to enhance financial discipline and align budget allocations to reduce the debt ratio by seven percentage points by FY31. The finance ministry aims to maintain core capex outlay at a minimum of 3% of GDP, adjusting based on private investments, while closely monitoring fund utilization and absorptive capacity of ministries.
ETMarkets PMS Talk: Markets in a correction, not a bear phase – Ionic Asset’s Harsh Madhusudan Gupta
While tariffs have been worse than Trump’s first term, they have not been as bad as expected. Repeated reversals on Canada/Mexico policy and ambiguity on