10-June-2026
Economy News
 
GDP growth momentum intact, no need for additional borrowing so far: Govt sources
10-Jun-2026

The Indian economy is facing headwinds from external sectors with rising fuel and fertiliser import bills due to West Asia crisis, but GDP growth momentum remains intact with domestic consumption holding up, government sources said on Tuesday. Sources said the FY27 Budget had taken into cognisance the uncertainties in the global economy around tariffs, and the government do not immediately need to account for additional borrowing or bring in supplementary demands for grants in the upcoming monsoon session of Parliament. On the fiscal deficit front, sources said the budgeted target of 4.3 per cent of GDP is still intact, and the government is actively tapping its non-tax revenue areas like disinvestment and asset monetisation in the current fiscal.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/gdp-growth-momentum-intact-no-need-for-additional-borrowing-so-far-govt-sources/articleshow/131610580.cms