First View
Shriram AMC Fixed Income Lead Amit Modani on Union Budget
This story was originally published at 15:36 IST on 1 February 2026
Register to read our real-time news.Informist, Sunday, Feb. 1, 2026
MUMBAI - Amit Modani, senior fund manager, lead – fixed income, Shriram Asset Management Company, said the following on the Union Budget for 2026-27 (Apr-Mar), presented in the Lok Sabha by Finance Minister Nirmala Sitharaman on Sunday:
The government appears to be walking a fine line between driving growth and maintaining macroeconomic stability, gradually tapering support while safeguarding capital expenditure. Markets have welcomed this measured approach. Key highlights include a fiscal deficit target of 4.3% for FY27, signalling a credible path of consolidation, and a medium-term debt to GDP target of 50% by 2031, with FY27 debt to GDP expected at 55.6%. While gross borrowing at INR 17.2 trillion slightly exceeded estimates, largely due to INR 5.5 trillion in old debt repayments, net borrowing at INR 11.7 trillion keeps the trajectory stable. Market expects RBI liquidity support to keep bond yields in check. Overall, this budget balances growth-oriented spending with fiscal prudence, reflecting a strategy likely to sustain investor confidence and market stability." End
Compiled by Shumaila Firoz
Filed by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
