Summary
India announced its 2026-2027 budget, which focuses on infrastructure and manufacturing growth. Despite global economic challenges, India plans significant spending to support these sectors while managing government debt. The budget targets GDP growth of 6.8% to 7.2%.
Key Facts
- India's new budget focuses on infrastructure and manufacturing.
- Total government spending is projected at $583 billion for 2026-2027.
- India's GDP growth is expected to be between 6.8% and 7.2% next year.
- 12.2 trillion rupees ($133 billion) will be spent on infrastructure.
- India plans to invest in seven strategic manufacturing sectors.
- The budget aims to reduce government debt and fiscal deficit slightly.
- The Indian rupee has hit low levels due to foreign investors selling Indian stocks.
