Budget 2026: Can India Balance Debt Consolidation and a Rs 13.1 Trillion Capex Push?
With the Union Budget 2026-27 on the horizon, rating agency ICRA predicts a delicate balancing act: aggressively pushing capital expenditure while simultaneously working to tame the nation’s growing debt. The government is eyeing a fiscal deficit of 4.3% of GDP, but can it deliver on both fronts without triggering new fiscal pressures?





