India’s fiscal deficit reaches over half of FY26 target

India’s fiscal deficit hit about 52.6% of the FY26 target by October, maintaining focus on consolidation despite support from revenue and nominal GDP growth.

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India’s fiscal deficit reaches over half of FY26 target

India’s fiscal deficit reaches over half of FY26 target
India’s fiscal deficit for April to October stood at nearly 52.6% of the FY26 full-year target. The reading keeps fiscal consolidation under watch even as strong nominal GDP and sustained tax collections offer partial support. Spending patterns and upcoming government allocations remain central to how the deficit progresses through the remainder of the financial year.
Tags:
  • fiscal deficit
  • public finances