New Delhi, March 3 -- Despite a downward revision in nominal GDP following a change in the base year, India's overall fiscal dynamics remain very comfortable, with the fiscal deficit contained at 63 per cent of the revised estimates (RE) during April-January FY26, according to a report by Union Bank of India.

On the statistical front, the report highlighted that with the GDP base year revised to 2022-23 from 2011-12, nominal GDP levels have been adjusted.

Nominal GDP for FY26, as per the second advance estimate, is now placed at Rs 347 lakh crore, around Rs 10 lakh crore lower compared to the first advance estimate using the old base.

The report said "overall fiscal dynamics remain very comfortable despite downward revision in nominal ...