Fiscal deficit target pegged at 4.4% for 2025-26

India targets fiscal deficit at 4.4% for 2025-26, sets path to bring down debt
The Indian government will target a narrower fiscal deficit of 4.4% of gross domestic product for fiscal year 2025-26, down from a revised 4.8% for the current year, Finance Minister Nirmala Sitharaman said in the budget on Saturday.
Fiscal deficit target cut to 4.4% for FY26
MUMBAI: The budget has pegged fiscal deficit, which is the quantum of government borrowings, for the next fiscal at 4.4% and the same for the current fiscal retained at 4.8%. Finance minister Nirmala Sitharaman plans to lower debt as a percentage of GDP from FY27.
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