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India's Deficit Hits 63% of Target in 10 Months
27 Feb
Summary
- India's fiscal deficit reached Rs 9.81 lakh crore by January.
- The deficit stands at 63% of the FY26 target after 10 months.
- January's deficit was Rs 1.3 lakh crore, down from the previous year.
As of Friday, India's fiscal deficit for the April-January period of the current financial year has climbed to Rs 9.81 lakh crore. This figure represents 63% of the targeted deficit for the full fiscal year 2026. The data was released by the Controller General of Accounts, providing a clear snapshot of the nation's financial health over the first ten months.
Despite the substantial overall deficit, there was a notable reduction in January's figures. The deficit recorded in January was Rs 1.3 lakh crore. This is a significant decrease when compared to the Rs 2.6 lakh crore deficit reported during the same month in the preceding year. This ongoing fiscal trend is a key development for India's economic outlook.
