India fiscal deficit reaches 10% of budget in two months
India's fiscal deficit hit ₹1.6 trillion in the first two months of FY 2027, reaching 10% of the total budget target. This marks a significant increase compared to the usual 6% seen in previous years, driven by a decline in tax revenues and low asset monetization.
after close1 source ↓written by the desknot a recommendation
- target for FY
- 10% of the total budget
- seen in previous
- 6%
The central government reported a fiscal deficit of ₹1.6 trillion, accounting for 10% of the total budget target for FY 2027. This is a significant rise from the usual 6% seen in previous years. The deficit is attributed to a 2% decline in net tax revenues and lower non-tax income, impacting market sentiment.
Not investment advice. For informational purposes only.