Union Budget FY25-26 to focus on fiscal prudence and targeted reforms: Phillip Capital report

New Delhi [India], January 27 (ANI): The Union Budget for FY25-26 is expected to prioritize fiscal prudence while addressing muted growth trends through targeted reforms, according to a report by Phillip Capital.

The report emphasizes continued investment in core capital expenditure (capex) in areas like railways, roads, and defence, though a significant overall capex increase is deemed unlikely.

Phillip Capital projects