India's Fiscal Deficit Narrows to 3.8% in H1 FY26
India's fiscal health strengthens as April-September 2024 deficit narrows to 3.8% of GDP, supported by 19% tax revenue growth and massive ₹2.1 lakh crore RBI dividend injection.
India's fiscal health strengthens as April-September 2024 deficit narrows to 3.8% of GDP, supported by 19% tax revenue growth and massive ₹2.1 lakh crore RBI dividend injection.
Union Bank of India's latest report highlights significant challenges in meeting FY26 fiscal targets due to weakening tax collections, raising concerns about India's economic trajectory and government spending capacity.
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