India recorded a Government Budget deficit equal to 6.44 percent of the country's Gross Domestic Product in the 2022-23 fiscal year. source: Reserve Bank of India
Government Budget in India averaged -5.14 percent of GDP from 1970 until 2022, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -9.18 percent of GDP in 2020. This page provides - India Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Central Government Budget - values, historical data and charts - was last updated on August of 2023.
Government Budget in India is expected to reach -5.90 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -5.20 percent of GDP in 2024 and -4.40 percent of GDP in 2025, according to our econometric models.