Fiscal deficit widens to 18.2% of FY27 target by June as spending picks up
India's fiscal deficit widened to 18.2% of the FY27 target by June, nearly doubling from 9.6% at the end of May due to increased government spending. The Centre aims to maintain a fiscal deficit of ₹16.96 trillion, or 4.3% of GDP, relying on stronger tax collections and non-tax revenues for the remainder of the year. Economists caution against overinterpreting early figures, noting uneven revenue distributions throughout the fiscal year.