Govt capex growth to slow down, fiscal consolidation to continue in FY26: Goldman Sachs

Goldman Sachs predicts a slowdown in government capex growth to 13% in the new fiscal year, down from 17% in FY24. The fiscal deficit is projected to narrow to 4.5% of GDP. The budget will likely focus on rural and welfare spending, job creation, and long-term economic policy towards 2047.

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