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Recently
India’s fiscal deficit remains elevated through November
India’s fiscal deficit reached 6.2 percent of the annual target by November, above last year’s level as spending outpaced revenue growth.
India’s central government reported a fiscal deficit at 6.2% of the full year’s budget target by the end of November, higher than the same period last year. Elevated expenditure on subsidy programmes and capital outlays contributed to the gap despite higher tax receipts. Policymakers noted that continued revenue mobilisation and expenditure control will shape the year-end fiscal outcome heading into 2026.