Inde Valeur des budgets du gouvernement

India’s fiscal deficit narrowed to INR 8.56 trillion in April–December 2025–26, down from INR 9.14 trillion a year earlier, reaching 54.5% of the government’s full-year target compared with 56.7% in the same period last year. Total receipts rose 8.9% year-on-year to INR 25.25 trillion, or 72.2% of the annual target, with net tax revenues at INR 19.39 trillion versus INR 18.4 trillion a year ago. Total expenditure increased 4.6% to INR 33.81 trillion, or 66.7% of the full-year target. Capital spending, largely focused on infrastructure, jumped to INR 7.88 trillion, reaching 70.3% of its annual objective compared with INR 6.9 trillion previously. The government aims to narrow the fiscal deficit to 4.4% of GDP, or INR 15.7 trillion, in FY2025–26, down from 4.8% in FY2024–25.