Centre's FY27 fiscal deficit may exceed Budget target by ₹1.2 lakh crore, reach 4.7% of GDP: SBI Research
· thehindubusinessline.com
SBI Research warns India’s FY27 deficit could hit 4.7% of GDP, ₹1.2 lakh crore higher than Budget, aided by subsidy costs and tax gaps.
The Centre's fiscal deficit for 2026-27 could exceed the Budget Estimate by around ₹1.2 lakh crore, with higher subsidy spending and lower tax receipts adding...