
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 consolidation target. The country might face challenges meeting the current year's def…

India’s central bank will transfer a record yet smaller-than-expected dividend to the government this year, limiting fiscal support as soaring energy prices put public finances under strain.
Elevated energy prices and weak capital flows have left India staring at a third consecutive fiscal year of a deficit in its balance of payments (BoP), straining the rupee. Economists at HSBC have forecast a BoP deficit of around $65 billion in the fiscal …

The Centre has been relying on the central bank’s surplus transfers to keep its fiscal deficit in check. This year’s transfer for 2025-26 may be even larger than last year’s record ₹2.7 trillion payout. The danger is what this reliance says about RBI indepen…

The FY27 Budget has pegged the fiscal deficit at 4.3% of GDP, which is now seen at 4.5% of GDP, following a downward revision in India's nominal GDP under the new series