Budget: What is expected on debt, military, infrastructure?
Budget 2026: The government is likely to aim for a fiscal deficit at 4.2% of GDP for 2026-27, down from 4.4% this fiscal year. Gross borrowing is expected to rise to between Rs 16 lakh crore and Rs 16.8 lakh crore ($174 billion-$183 billion) from Rs 14.6 lakh crore this year.