Budget 2026 should focus on capex, says Bernstein
after close1 source ↓written by the desknot a recommendation
- is crucial
- 4.4%
Venugopal Garre, Managing Director at Bernstein, emphasized that the Union Budget 2026 should prioritize government-led capital expenditure and avoid sharp cuts to the fiscal deficit. He noted that maintaining a fiscal deficit of 4.4% is crucial for supporting growth, especially with low inflation and slow private investment. Garre suggested that modest fiscal consolidation could improve debt metrics without hindering growth.
Not investment advice. For informational purposes only.