The government in its 2022-2023 union budget sees India’s fiscal deficit to be 6.9% of GDP in 2021-2022 and 6.4% in 2022-23 as the government aims to boost spending on transport, infrastructure and construction projects, while it proposes to trim it down to 4.5% by 2025-2026. Government’s total expenditure is projected at 39.45 trillion INR in 2022-23, with 480 billion INR estimated for affordable housing, 195 billion INR for solar projects and 200 billion INR for highways expansion. On tax front, unblended fuel will be imposed additional duty from October 2022 while customs duty would be revoked for stainless steel and steel products, reduced for chemicals and exemptions extended for steel craps. However, the budget is not populist and lacked measures to combat the current inflationary and slowing economy. source: Reserve Bank of India

Government Budget in India averaged -5.09 percent of GDP from 1970 until 2020, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -9.40 percent of GDP in 2020. 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 July of 2022.

Government Budget in India is expected to reach -6.90 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -6.40 percent of GDP in 2023 and -6.50 percent of GDP in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
India Central Government Budget



Related Last Previous Unit Reference
Government Debt to GDP 73.95 73.72 percent of GDP Dec 2020
Government Budget -9.40 -4.60 percent of GDP Dec 2020
Government Spending To GDP 17.60 13.21 percent of GDP Dec 2020

India Central Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-9.40 -4.60 -2.53 -9.40 1970 - 2020 percent of GDP Yearly