India’s April-May Fiscal Deficit Narrows To Rs 13,163 Crore, Just 0.8% Of FY26 Target
In a positive development reflecting improved government finances, India’s fiscal deficit for the first two months of FY26 (April-May 2025) stood at Rs 13,163 crore, amounting to only 0.8% of the full-year budget estimate. This marks a significant narrowing compared to the same period last year, driven by higher revenue collections and disciplined expenditure management….