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flag India's fiscal deficit hit 52.6% of annual target by October 2025 due to lower tax revenue and rising spending.

flag India's fiscal deficit reached 52.6% of its annual target by October 2025, totaling ₹8.25 trillion, driven by lower tax receipts and rising spending, particularly on infrastructure. flag Net tax revenue fell to ₹12.74 trillion, while capital expenditure surged to ₹6.18 trillion. flag Non-tax revenue rose to ₹4.89 trillion, supported by a larger central bank dividend. flag Despite strong non-tax receipts and higher state transfers, economists warn the government must boost revenue by over 20% in the final months to meet its 4.4% GDP deficit target.

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