India meets FY26 fiscal deficit goal at 4.4% of GDP despite revenue and global pressures

In a commendable feat, the Indian government has hit its FY26 fiscal deficit goal of 4.4% of GDP, largely due to prudent expenditure management. With net tax receipts reaching 98.1% of the anticipated target and non-tax revenues exceeding projections, the overall government spending was also well within planned constraints.

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