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The Centre is expected to meet its fiscal deficit target of 4.4% of GDP for FY26, but analysts have raised concerns over slowing tax collections following cuts in income tax and the GST. According to the latest data from the Controller General of Accounts, India's fiscal deficit stood at Rs 5.98 la
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FAQ :
India's fiscal deficit target for FY26 is 4.4% of GDP.
Concerns are arising from slowing tax collections, particularly lower net income tax collections and the impact of GST rate cuts.
Between April and August 2025, India's fiscal deficit stood at Rs 5.98 lakh crore.
Analysts anticipate a shortfall in income tax collection but expect it to be partially offset by outperformance in corporate tax. Government fiscal policy measures aim to boost consumption and investment.
The government plans to borrow Rs 6.77 lakh crore in the second half of FY26, with total borrowing remaining at Rs 14.72 lakh crore.
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