INDIA BUDGET 2025-26: ANALYSIS
# Fiscal deficit is decreasing from 4.8% of GDP (2024-25) to 4.4% (2025-26) - a decrease of 0.4% points. This is good.
# Nominal GDP is estimated to grow/increase in 2025-26 by 10.1%.
The 4 Budget components are changing from 2024-25 to 2025-26 like this:
1. Revenue Receipts (good income - ie, taxes)
This is increasing by 11.1% - which is more than the GDP growth rate (10.1%). This is good.
2. Capital Receipts (bad income - ie, loans)
This is *decreasing* by 0.0%. This is very good.
3. Revenue Expenditure (bad spending - salaries, schemes, subsidies)
This is increasing by 3.5% - which is less than the GDP growth rate. This is good.
4. Capital Expenditure (good spending - ie, infrastructure)
This is increasing by 17.4% - which is more than the GDP growth rate. This is good.
So this is a pro-growth and fiscally disciplined Budget . . .
