Budget 2022: Covid-hit fiscal deficit abating
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The year FY21 saw a sharp rise in fiscal deficit to 9.3% of GDP as government borrowed heavily to finance Covid-19 relief measures. FY23 Budget will take the process of normalisation started in FY22 forward. The target is to bring fiscal deficit down to 4.5% of GDP by FY26. Capital expenditure as percentage of GDP, rising since FY12, is likely to be bumped up further as government goes all out to build infrastructure in order to stimulate the economy and provide jobs and relief to the common man.
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August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.