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The government is set to reduce the debt-GDP ratio to 50 per cent by March 2031 from the current 57.1 per cent, with Finance Minister Nirmala Sitharaman outlining a plan to lower the fiscal deficit to 4.4 per cent of GDP by FY26. This new roadmap aims for sustainable and transparent debt management.
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In Trumps view, the 25% tariffs against the two North American allies and a 10% tax on imports from Washingtons chief economic rival are a way for the United States to throw around its financial heft to reshape the world.
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The government will provide data and maps from the PM Gati Shakti portal to the private sector, enabling better infrastructure planning and optimization of logistics. This initiative includes a GIS-enabled platform with over 1,300 data layers, aiming to enhance project planning efficiency through improved access to critical information.
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