India's Fiscal Deficit on Track for FY26, but Slowing Tax Revenues Raise Concerns

Last updated: 08 October 2025

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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