India's fiscal deficit widens to ₹7.1 lakh crore, hits 41.9% of FY27 target by August
India's fiscal deficit reached ₹7.1 lakh crore, accounting for 41.9% of the FY27 target by August. This marks an increase from 38.1% during the same period last year. The Centre's total expenditure was ₹20.78 lakh crore, or 38.9% of the Budget Estimates, raising concerns about fiscal management as the government aims for a 4.3% GDP deficit target.