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Former NITI Aayog CEO Hails Budget 2026 Amid Global Economic Uncertainty
| Feb 01, 2026, 10:23:22 PM | TOI.in
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Amitabh Kant lauded Finance Minister Nirmala Sitharaman for her strong emphasis on fiscal discipline in Budget 2026-27. He highlighted that the fiscal deficit has been reduced to 4.3% of GDP, down from 9.2% in FY21, boosting confidence in the economy and supporting smoother credit flow to the private sector. Kant noted that the budget pairs fiscal consolidation with higher capital expenditure, now at 4.4% of GDP, addressing supply-side constraints and fostering growth. He emphasized that the high-level committee on banking reforms should focus on reducing the cost of capital for private enterprises, ensuring continued support for economic expansion and private sector development in India.
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