India recorded a Government Budget deficit equal to 4.59 percent of the country's Gross Domestic Product in the 2019-20 fiscal year. source: Reserve Bank of India
Government Budget in India averaged -5 percent of GDP from 1970 until 2019, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -8.13 percent of GDP in 1986. This page provides - India Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Central Government Budget - values, historical data and charts - was last updated on November of 2020.
Government Budget in India is expected to reach -10.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -7.40 percent of GDP in 2021 and -6.70 percent of GDP in 2022, according to our econometric models.