
Ahead of the Union Budget 2026-27, the Confederation of Indian Industry (CII) has proposed a four-pillar strategy to sustain India's growth momentum and macroeconomic stability. The recommendations emphasize debt sustainability, fiscal transparency, revenue mobilization, and expenditure efficiency. CII urged adherence to the government's debt glide path, suggesting specific targets for central debt and fiscal deficit by FY27. The industry body also highlighted the need to increase India's tax-to-GDP ratio and strengthen fiscal governance at state and local levels.