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Union Bank warns of challenges in meeting FY26 fiscal targets
market hours1 source ↓written by the desknot a recommendation
- fiscal deficit reached
- ₹5.73 lakh crore
- marking
- 21% year-on-year increase
The Union Bank of India reports that achieving FY26 fiscal targets may be difficult due to subdued growth in corporate and income tax revenues. As of September FY26, India's fiscal deficit reached ₹5.73 lakh crore, marking a 21% year-on-year increase. This situation may impact market sentiment as the government pushes for capital expenditure to boost consumption and jobs.
Not investment advice. For informational purposes only.