New Delhi [India], February 1: The Union Budget for FY25-26 strikes a balance between fiscal discipline and the need for sustained economic growth. The government's decision to reduce the fiscal deficit target from 4.8% to 4.4% is an important step towards long-term financial stability. Although economic growth is estimated to decline from 8% in the previous fiscal to between 6.3% and 6.8% (real GDP growth), this reflects a more stable and sustainable growth rate given the global economic challenges.