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India Budget Basics: If the calculations puzzle you, this is how the budget maths really works

Union Budget: Finance Minister Nirmala Sitharaman will present India's Union Budget 2026 in February. The budget's core is projecting nominal GDP growth. This estimate drives calculations for tax revenue, government spending, and borrowing needs. Key figures are often percentages of projected nominal GDP. Crude oil prices also significantly influence budget allocations, especially for subsidies. Realistic projections are crucial for budget credibility.