🇮🇳 India
2d ago
India likely to miss FY27 fiscal deficit target: BMI
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New Delhi: India is likely to breach the budgeted 4.3 per cent fiscal deficit target in the current financial year as a surge in fertiliser and energy prices due to the ongoing West Asia conflict would push subsidy spending, research firm BMI said on Wednesday.According to BMI, a Fitch Group company, India’s fiscal deficit is likely to widen to 4.5per cent of the country’s GDP.“We maintain our forecast that the Centre will register a fiscal deficit worth 4.5 per cent of GDP in 2026-27. However,
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