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The Economic Times

Economy / The Economic Times

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Budget 2026 'tactical', not 'breakthrough', Moody's Ratings says

Moody's Ratings described India's annual federal budget as tactical rather than a breakthrough. While planned fiscal consolidation will narrow the budget gap, it won't alter India's credit profile, as the deficit remains wider than pre-Covid levels. The agency affirmed India's stable outlook last year, citing economic strength and domestic funding.

1 Feb 2026 2:33 pm