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flag India's fiscal deficit hit 63% of its annual target by January 2026, with tax receipts rising but the rupee weakening.

flag India’s fiscal deficit reached ₹9.8 lakh crore, or 63% of the full-year target, from April to January 2026, according to government data. flag Tax receipts rose to ₹20.94 lakh crore, up from ₹19 lakh crore the previous year, while non-tax revenue reached ₹5.57 lakh crore. flag The rupee weakened to 90.99 per dollar. flag The government aims for a 4.4% fiscal deficit of GDP in FY26, with ongoing efforts to balance spending and revenue.

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