India's Finance Minister Nirmala Sitharaman on Monday said the government will stick to the fiscal consolidation path despite raising spending on healthcare to face the challenges posed by the coronavirus pandemic.
The government intends to reach a fiscal deficit level below 4.5 percent of GDP by 2025-2026 with a fairly steady decline over the period, she said in her 2021-22 budget speech in the parliament.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.