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India’s 2025/26 fiscal deficit at 4.4%, in line with government estimates

By Thomson Reuters Jun 1, 2026 | 6:59 AM

June 1 (Reuters) – India’s fiscal deficit stood at 4.4% of the gross domestic product for ​the year ended March ‌31, 2026, data showed on Monday, in line with government’s revised estimates.

The deficit was at 15.19 trillion rupees ($159.91 ‌billion), ​or 97.5% of the ⁠government’s revised estimates ⁠presented in February.

In April, the fiscal deficit amounted to 21.4% of the budgeted target for ​the full year ending March 2027, data showed.

KEY NUMBERS FOR ⁠2025/26

– Net tax ⁠receipts at 33 trillion ​rupees ($347.40 billion), up from 30.87 trillion ​rupees collected in the same period ‌a year ago.

– Non-tax revenue at 6.8 trillion rupees, compared with 5.31 trillion rupees a ⁠year ago.

– Total government expenditure at 49 trillion rupees compared with 47.16 trillion ⁠rupees ‌a year earlier.

– Capital ⁠expenditure, or spending on ​building ‌physical infrastructure, stood at 10.7 ​trillion rupees ⁠against 10.18 trillion rupees a year ago.

($1 = 94.9900 Indian rupees)

(Reporting by Shubham Batra in New Delhi; Editing by Ronojoy Mazumdar and ​Janane Venkatraman)