India's April-June fiscal deficit 3.08L/cr, full-year target 4.3% GDP
Business
India's fiscal deficit for April-June 2026 hit ₹3.08 lakh crore, which is 18.2% of the full-year fiscal deficit target.
That's just a bit higher than last year's 17.9% at this point, according to official data on Friday.
The government is aiming to keep the full-year deficit at 4.3% of GDP (₹16.96 lakh crore).
India net tax 6.36L/cr, spending 13.57L/cr
Net tax revenue for the first quarter came in strong at ₹6.36 lakh crore (22.2% of this year's target, up from 19% last year) while total government spending reached ₹13.57 lakh crore (25.4% of the annual plan).
In simple terms: the gap between what India earns and spends grew slightly, but both income and expenses are rising steadily compared to last year.