India weighs austerity steps, sees no immediate risk to FY27 deficit goal, sources say - Reuters

India is considering austerity measures but believes there is no immediate threat to its fiscal year 2027 deficit target, according to sources. These potential steps indicate the government's proactive approach to managing its finances. The move aims to ensure fiscal stability and maintain confidence in India's economic outlook. While weighing spending cuts, the government remains optimistic about achieving its long-term financial objectives.