India's government recorded a fiscal deficit to 4.8% of GDP in FY2024–25, down from 5.9% in the previous fiscal year. Government Budget in India averaged -5.15 percent of GDP from 1970 until 2024, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -9.16 percent of GDP in 2020. source: Reserve Bank of India
India recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024.
India recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024. Government Budget in India is expected to reach -4.10 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -3.80 percent of GDP in 2026 and -3.50 percent of GDP in 2027, according to our econometric models.