INDIA ON TRACK TO REACH DEBT-TO-GDP RATIO OF 50±1 PERCENT BY 2030-31

• Union Budget 2026-27 reaffirms a medium-term debt glide path: Centre's debt-to-GDP to converge on 50±1% by FY 2030-31, replacing the fiscal-deficit number as the primary fiscal anchor.
• Operational target shifts: fiscal deficit is now the operating lever within a debt-anchored framework — a structural change in India's fiscal architecture under the FRBM Act, 2003 regime.
• Examinable as a live data point for GS-III (Indian Economy — Govt Budgeting) and Prelims fiscal-policy MCQs.