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.

India's fiscal deficit reached the budgeted 4.4% of GDP for fiscal 2026. This eases immediate government finance worries. However, the focus shifts to next year's ambitious…

The Centre achieved its fiscal deficit target of 4.4 per cent of GDP for 2025-26, according to provisional data released by the Controller General of Accounts (CGA) on Monday,…