Budget for FY27 likely to be set at ₹54.1 lakh crore by govt, growth of 7.9% YoY: Report

India's Union Budget for FY2026-27 is projected at Rs 54.1 lakh crore, a 7.9 per cent increase. This signals a calibrated fiscal consolidation path. The fiscal deficit is targeted at 4.16 per cent of GDP. Strong real economic momentum supports this budget. GST reforms are boosting urban demand and growth.