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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September 2025
2025 is shaping up to be the year of electric car sales. In a first, India’s electric vehicles (EV) industry crossed the sales milestone of 100,000 units in FY25, fuelled by a slew of launches by major players, including Tata Motors, M&M, Ashok Leyland, JSW MG Motor, Hyundai, BMW, and Mercedes-Benz. The issue also looks at the challenges ahead for Tata Sons chairman N. Chandrasekaran in his third term, and India’s possible responses to U.S. president Donald Trump’s 50% tariff on Indian goods. Read these compelling stories in the latest issue of Fortune India.