Budget 2026 should focus on capex, says Bernstein's Garre
pre-market1 source ↓written by the desknot a recommendation
- is crucial
- 4.4%
The upcoming Union Budget 2026 should prioritize government-led capital expenditure and avoid sharp cuts to the fiscal deficit, according to Venugopal Garre, Managing Director at Bernstein. He emphasized that maintaining a fiscal deficit of 4.4% is crucial for supporting growth amid low inflation and stagnant private investment. Garre advocates for gradual fiscal consolidation to improve debt metrics without hindering economic expansion.
Not investment advice. For informational purposes only.