FY25 Budget confirms new govt's commitment to reducing fiscal deficit: Fitch

India's post-election budget confirmed a commitment to reducing the fiscal deficit for FY25 and FY26. The FY25 target has been lowered to 4.9% of GDP, aiming below 4.5% by FY26. This move, along with various economic growth measures, highlights the government's focus on fiscal consolidation despite coalition pressures.