Fiscal deficit: Gap widens to 29.9% of FY26 target by July-end, CGA data signals strain
India’s fiscal deficit reached 29.9% of its full-year target by July, surpassing the previous year’s 17.2%. Despite this, the Indian economy experienced robust growth of 7.8% in April-June, fueled by a strong performance in the agricultural sector, which grew by 3.7%. Manufacturing also saw a slight increase, contributing to India maintaining its position as the world’s fastest-growing major economy.🕒 1 min read
India’s fiscal deficit reached 29.9% of its full-year target by July, surpassing the previous year’s 17.2%. Despite this, the Indian economy experienced robust growth of 7.8% in April-June, fueled by a strong performance in the agricultural sector, which grew by 3.7%. Manufacturing also saw a slight increase, contributing to India maintaining its position as the world’s fastest-growing major economy.
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