India's Fiscal Deficit Widens in April-September

2026-10-30 11:11 By Joana Ferreira 1 min. read

India’s fiscal deficit widened to INR 7.1 trillion in April-September 2026-27, up from INR 5.7 trillion a year earlier, reaching 42.1% of the full-year target, compared with 36.5% previously.

Total expenditure rose 10.7% year-on-year to INR 25.5 trillion, with capital spending increasing to INR 6.5 trillion from INR 5.8 trillion, reaching 53.6% of the annual target.

Total receipts rose 6.1% to INR 18.4 trillion, supported by higher net tax revenue of INR 12.8 trillion, up from INR 12.3 trillion a year earlier.

Non-tax revenue also increased to INR 4.8 trillion from INR 4.7 trillion.

India is targeting a fiscal deficit of INR 17.0 trillion, or 4.3% of GDP, for 2026-27.



News Stream
India's Fiscal Deficit Widens in April-September
India’s fiscal deficit widened to INR 7.1 trillion in April-September 2026-27, up from INR 5.7 trillion a year earlier, reaching 42.1% of the full-year target, compared with 36.5% previously. Total expenditure rose 10.7% year-on-year to INR 25.5 trillion, with capital spending increasing to INR 6.5 trillion from INR 5.8 trillion, reaching 53.6% of the annual target. Total receipts rose 6.1% to INR 18.4 trillion, supported by higher net tax revenue of INR 12.8 trillion, up from INR 12.3 trillion a year earlier. Non-tax revenue also increased to INR 4.8 trillion from INR 4.7 trillion. India is targeting a fiscal deficit of INR 17.0 trillion, or 4.3% of GDP, for 2026-27.
2026-10-30
India's Fiscal Deficit Widens to 41.9% of Full-Year Target
India’s fiscal deficit widened to INR 7.1 trillion in April-August 2026-27, up from INR 6.0 trillion a year earlier, reaching 41.9% of the full-year target, compared with 38.1% previously. Total expenditure rose 10.5% year-on-year to INR 20.8 trillion, while capital spending increased to INR 5.1 trillion from INR 4.3 trillion, reaching 41.7% of the annual target. Total receipts rose 6.6% to INR 13.7 trillion, supported by higher net tax revenue of INR 8.4 trillion, up from INR 8.1 trillion a year earlier. Non-tax revenue also increased to INR 4.5 trillion from INR 4.4 trillion. India is targeting a fiscal deficit of INR 17.0 trillion, or 4.3% of GDP, for 2026-27.
2026-09-30
India’s Fiscal Deficit Narrows in April-July
India’s fiscal deficit stood at INR 4.6 trillion in April-July 2026-27, down from INR 4.7 trillion a year earlier, reaching 26.8% of the full-year target versus 29.9% previously. Total expenditure rose 12.7% year-on-year to INR 17.6 trillion, while capital spending increased to INR 4.5 trillion from INR 3.5 trillion, reaching 36.9% of the annual target. Total receipts rose 19.3% to INR 13.1 trillion, supported by higher net tax revenues of INR 8.5 trillion, up from INR 6.6 trillion. India targets a fiscal deficit of INR 17.0 trillion, or 4.3% of GDP, for 2026-27.
2026-08-31