Indian states' election spending raises budget deficits
pre-market1 source ↓written by the desknot a recommendation
- for FY 2024-25
- 3.3% of GDP
- surpassing the long-held
- 3% target
- forecasting deficits
- 3.48%
- 4%
Welfare promises in Indian state elections are leading to higher budget deficits. The combined deficit for all states is projected at 3.3% of GDP for FY 2024-25, surpassing the long-held 3% target. Notably, Tamil Nadu and West Bengal are forecasting deficits of 3.48% and 4%, respectively, indicating a trend that may deter investment.
Not investment advice. For informational purposes only.