India recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in the 2023-2024 fiscal year. Government Budget in India averaged -5.16 percent of GDP from 1970 until 2023, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -9.17 percent of GDP in 2020. source: Reserve Bank of India
India recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2023.
India recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2023. Government Budget in India is expected to reach -5.10 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -4.40 percent of GDP in 2025, according to our econometric models.