Modi government to present infrastructure-focused budget on February 1
India's new budget drops February 1, with PM Modi's team putting the spotlight on building better roads, ports, and energy systems.
Finance Minister Nirmala Sitharaman wants to ramp up public spending this year, hoping to give the economy a push—especially since private investments have been slow and global risks like US tariffs are in the mix.
Big spending plans, but keeping an eye on stability
The government is expected to spend over ₹12 trillion on major infrastructure projects—think smoother highways and stronger power grids.
They're also planning easier import duties and simpler rules for small businesses.
Even with all this spending pressure, they're aiming to keep the fiscal deficit down to 4.2% of GDP by relying more on RBI dividends and some asset sales, trying to balance growth with long-term financial health.