India's fiscal deficit for April-October was 7.5 trillion rupees ($88.79 billion), or 46.5% of the estimate for the year ending March 2025, government data showed on Friday. Net tax receipts for the first seven months of the financial year were 13.

In October 2024, the Centre’s capex fell by about 8% on-year, underscoring the struggle to accelerate the pace due to delays caused on account of general elections in Q1 and extended rains in Q2.

Devendra Kumar Pant, Chief Economist and Head of Public Finance at Ind-Ra, stated, “The union government is expected to improve its fiscal position from FY25 and is on track to achieve its FY26 fiscal deficit target of 4.5 per cent of GDP.”

Indias fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.

Capex spending remained muted, with the government spending 42 percent of the fiscal year budget of Rs 11.11 lakh crore

India's fiscal deficit for April-October was 7.5 trillion rupees ($88.79 billion), or 46.5% of the estimate for the year ending March 2025, government data showed on Friday.

The Centre's fiscal deficit at the end of the first seven months of the financial year 2024-25 touched 46.5 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit -- the gap between the government's expenditure and revenue -- was at Rs 7,

The government had projected in the Union Budget to reduce the fiscal deficit to 4.9 percent of GDP in the current 2024-25 financial year, compared to 5.6 percent of GDP in 2023-24. In absolute terms,