India’s growth to slow to 6.7% on waning momentum, oil price shock: BMI
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Budgetary action — an allocation, fiscal policy change, or expenditure decision shaping how public resources flow. Reveals government priorities and affects programme implementation capacity.
Summary
The prospect of the Iran-US conflict escalating in scope presents downside risk to its growth outlook and India must balance spending needs on defence and fuel price stabilisation against fiscal consolidation agenda: BMI
Key Facts
Type Budget
Source BusinessLine - Economy
Published Monday, 11 May 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right