India's government recorded a fiscal deficit to 4.40% of GDP in FY2025–26, down from 4.75% in the previous fiscal year. Government Budget in India averaged -5.13 percent of GDP from 1970 until 2025, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -9.16 percent of GDP in 2020. source: Reserve Bank of India
India recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2025.
India recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2025. Government Budget in India is expected to reach -4.00 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -3.70 percent of GDP in 2027 and -3.40 percent of GDP in 2028, according to our econometric models.