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RBL Bank Chief Economist Anitha Rangan on Union Budget
This story was originally published at 14:11 IST on 1 February 2026
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MUMBAI – Anitha Rangan, chief economist, RBL Bank said the following on the Union Budget for 2026-27 (Apr-Mar), presented in the Lok Sabha by Finance Minister Nirmala Sitharaman on Sunday:
With a steady spend on capex and keeping overall fiscal consolidation at 4.3% for FY27, gross borrowing inline with expectations and revenue growth inline with GDP growth, overall the budget manages spending with stability.
Focus on manufacturing, rural side and youth with policy continuity indicates that the Budget is more focused on continuity of reforms. While the increase in securities transaction tax has been a dampener for equity, it should recover with the growth focus. For debt market the gross borrowing number may be slightly higher and supply absorption especially from banks will remain the key focus. However fiscal consolidation and realistic assumptions is a positive that Budget numbers are achievable. End
Compiled by Durgesh Nandan
Filed by Deepshikha Bhardwaj
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