Prime Minister Narendra Modi’s government is expected to announce measures to improve the ease of doing business and step up infrastructure spending in the upcoming Union Budget, while continuing with fiscal consolidation, according to a Bloomberg report. ADVERTISEMENTThe budget, due on February 1, is likely to see finance minister Nirmala Sitharaman lean on public spending as private investment remains subdued amid weak earnings and foreign fund outflows. She is also expected to simplify the import-duty regime and ease compliance requirements for small businesses. “The budget will focus on both resilience and growth,” said Dharmakirti Joshi, chief economist at Crisil Ltd, as quoted by Bloomberg. The government aims to reduce debt to 50 per cent of GDP, plus or minus one percentage point, by 2030-31.

Source: The Telegraph January 29, 2026 11:50 UTC