India's April-September fiscal deficit at 42.1% of 2026/27 target

India’s fiscal shortfall reached 7.15 trillion rupees, equivalent to $75.24 billion, over April to September, government figures published Friday showed. That amount represented 42.1% of the full-year limit for the financial year ending in March. The shortfall for the matching six months a year earlier was 5.7 trillion rupees.

Net tax collections rose to 12.8 trillion rupees from 12.3 trillion rupees, while non-tax revenue increased to 4.8 trillion rupees from 4.7 trillion rupees. Government spending totalled 25.5 trillion rupees, compared with 23 trillion rupees in the year-earlier period, and capital expenditure reached 6.5 trillion rupees versus 5.8 trillion rupees. India’s annual fiscal deficit objective is 16.96 trillion rupees, or 4.3% of GDP, Business Recorder reported.