India’s Fiscal Deficit Touches Rs 7.14 Lakh Crore In H1 FY27

India's fiscal deficit stood at Rs 7.14 trillion in the first six months of FY27. (Image Source: Pixabay)

India's fiscal deficit reached Rs 7.14 trillion during the April-September period of FY27, according to official data released on Friday. The latest figures indicate an increase in the deficit compared with the corresponding six-month period of the previous financial year. In the first half of FY26, the fiscal deficit had accounted for 36.5 per cent of the annual Budget Estimates (BE).

In absolute terms, the shortfall between the government's expenditure and receipts, excluding borrowings, expanded from Rs 5.7 trillion in April-September FY26 to Rs 7.14 trillion in the same period this year.

The Centre has projected a fiscal deficit of 4.3 per cent of India's gross domestic product (GDP) for FY27. This translates into a full-year borrowing gap of Rs 16.96 trillion.

The fiscal deficit measures the difference between the government's overall expenditure and its total receipts, excluding borrowings. It indicates how much the government needs to borrow to meet its spending requirements.

The latest data show that the deficit has widened in absolute terms compared with the previous year. However, the April-September figure remains below the halfway mark of the annual…

Original source: https://www.timesnownews.com/business-economy