(13 Jan 2026, 15:58)

Continued focus needed on strengthening the domestic levers of growth

FICCI hopes that the forthcoming Union Budget will continue to bridge existing gaps and further strengthen the foundation for India’s growth. Given that the global economic environment is expected to remain difficult in the foreseeable future, we need to continue with our focus on strengthening the domestic levers of growth. India’s fiscal consolidation path has been prudent, with the fiscal deficit as well as revenue deficit declining steadily from the pandemic peak. In the upcoming budget, we look forward to maintaining the current fiscal consolidation glide path, prioritise growth-enhancing productive capital expenditure (with particular focus on defence) and social sector expenditures, and leveraging revenues to keep debt risks contained.

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Continued focus needed on strengthening the domestic levers of growth