Indian government's FY25 fiscal deficit in line with projection

The Indian government aims to lower the fiscal deficit to 4.4 percent in the current fiscal year.

FILE PHOTO: A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai, India, April 9, 2025. / REUTERS/Francis Mascarenhas/File Photo

India's fiscal deficit for 2024-25 was 4.8 percent of the gross domestic product (GDP), data released on May 30 showed.

The fiscal deficit was in line with the government's revised estimate.

The Indian government aims to lower the fiscal deficit to 4.4 percent in the current fiscal year.

Also Read: India GDP growth likely accelerated in March quarter on rural demand, state spending

India's fiscal year runs April through March.

For the month of April, the fiscal deficit was 11.9 percent of the full-year budget estimate.

KEY NUMBERS FOR 2024-25

** Net tax receipts at 30.36 trillion rupees ($354.9 billion) compared with 23.27 trillion rupees in the previous year

** Non-tax revenue at 5.38 trillion rupees compared to 4.02 trillion rupees in the previous year

** Total government expenditure at 46.56 trillion rupees compared to 44.43 trillion rupees in the previous year

** Capital expenditure, or spending on building physical infrastructure, was 10.52 trillion rupees, against 9.49 trillion rupees in the previous year

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