19 Jan 2026 | 3 Mins Read
Fiscal deficit and market borrowing explained for Budget day
Flipitmoney
India's budget analysis focuses on gross/net borrowing and fiscal deficit. Gross borrowing affects 10-year government security yields, impacting equity valuations in banks, NBFCs, real estate, and infrastructure. Fiscal deficit, driven by capex or other factors, affects market perception of growth durability and fiscal transparency.