The Confederation of Indian Industry (CII) has outlined a four-point fiscal strategy focusing on debt sustainability, fiscal transparency, revenue mobilisation and expenditure efficiency, calling on the government to sustain macroeconomic stability while supporting long-term growth in the forthcoming Union Budget. Real GDP growth stood at 8% in the first half of FY26, while price pressures have remained well anchored, reflecting prudent fiscal and monetary management. The next Union Budget must continue this momentum through disciplined fiscal management and deeper institutional reforms,” said Chandrajit Banerjee, Director General, CII. To enhance predictability and institutional credibility, CII has recommended reviving the Medium-Term Fiscal Framework with a rolling three-to-five-year roadmap covering revenues, expenditure and debt. In addition, a Fiscal Stability Report should be institutionalised to assess risks arising from commodity price shocks, financial volatility and climate-related disruptions.

Source: Indian Express December 25, 2025 18:25 UTC