Budget Reaction on Fiscal Deficit for FY26 by Sandeep Nayak ED & CEO Retail Broking Centrum Broking Ltd
Below the Budget Reaction on Fiscal Deficit for FY26 by Sandeep Nayak ED & CEO Retail Broking Centrum Broking Ltd
“The continuation on the path of fiscal discipline with fiscal deficit for FY26 pegged at 4.4% of GDP is a positive for the economy. Capital expenditure spend at marginally less than last year’s estimate is a mild negative. On the reforms front, a simplified tax code to be unveiled should bring more cheer to tax payers. Insurance FDI increased to 100% is a big positive. The budget has focused on increasing the disposal income of the middle class with increase in the taxable income limit to Rs. 12 lacs from the existing Rs. 7 lacs. It is a ‘middle class sukino bhavantu’ budget which should boost consumption. Revival of urban consumption will have a positive multiplier effect on the economy helping mitigate the effect of slowdown seen in the last couple of quarters.”
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