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flag India's fiscal deficit hit 62.3% of annual target by Nov 2025, driven by higher spending and flat tax revenue.

flag India's fiscal deficit for April–November 2025 reached 62.3% of the full-year target, totaling 9.8 trillion rupees ($109.1 billion), up from 52.5% in the same period last year. flag Higher capital spending and rising expenditures—up to 29.3 trillion rupees—outpaced revenue, which declined slightly to 13.9 trillion rupees in tax receipts. flag Non-tax revenue rose to 5.2 trillion rupees. flag The government remains on track to meet its 4.4% of GDP fiscal deficit target for 2025-26, despite challenges from global uncertainties and uneven tax collections.

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