Budget Reinforcing Positive Outlook On Credit Ratings, Feels S&P

New Delhi: India’s Union Budget aligns with the expectations of steady fiscal consolidation, reinforcing a positive outlook on the country’s sovereign credit ratings, according to a report on Tuesday.

The central government revised its fiscal deficit estimate to 4.8 per cent of GDP for the year ending March 31, 2025, slightly lower than the earlier projection of 4.9 per cent in the Union Budget presented on February 1.