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.



Related Last Previous Unit Reference
Credit Rating 56.00 Apr 2024
Fiscal Expenditure 3747287.00 3354730.00 INR Tens of Million Feb 2024
Government Budget -5.80 -6.44 percent of GDP Dec 2023
Government Budget Value -1501365.00 -1102602.00 INR Tens of Million Feb 2024
Government Debt to GDP 86.54 85.21 percent of GDP Dec 2022
Government Revenues 2245922.00 2252128.00 INR Tens of Million Feb 2024
Government Spending 3416.25 3832.89 INR Billion Dec 2023
Government Spending to GDP 14.92 15.37 percent of GDP Dec 2023
Holidays
Military Expenditure 83574.60 79976.80 USD Million Dec 2023

India Central Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-5.80 -6.44 -2.53 -9.17 1970 - 2023 percent of GDP Yearly