India’s FY27 Union Budget reaffirms the country’s structural shift towards investments in capital assets for long-term sustainable economic momentum. With capex plus grants rising to over 32% of the total budget and total public capex touching ~4.4% of GDP, the budget signals a decisive continuation of the multi‑year pivot away from consumption‑heavy expenditure and toward long-term asset creation. Fiscal consolidation remains intact, with the FY27 fiscal deficit targeted at 4.3% and the debt‑to‑GDP trajectory stabilising- reflecting the government’s commitment to growth without compromising macro stability.
What you can expect from this report:
- How FY27 stays committed to capex‑led growth with a disciplined fiscal glide path
- Key budget highlights: GDP projections, deficit targets, debt sustainability signals
- Capex allocation across Growth vectors- roads, railways, defence, electronics, housing
- Infrastructure, energy, BFSI and other sector‑specific policy announcements
- FY26 Revised Estimates: receipts, expenditure trends, and capex execution