India's Fiscal Deficit Hits 62.3% of 2025/26 Target by November

• India's fiscal deficit reached 9.8 trillion rupees ($109.09 billion) in April-November.
• This represents 62.3% of the 15.7 trillion rupees target for the financial year ending March 31, 2025/26.
• The government aims for a fiscal deficit of 4.4% of GDP for 2025/26.
• Net tax receipts declined to 13.9 trillion rupees from 14.4 trillion rupees a year ago.
• Total government expenditure rose to 29.3 trillion rupees, with capital expenditure increasing to 6.6 trillion rupees.

Why It Matters: India's fiscal deficit reached 62.3% of its 2025/26 target by November, driven by increased spending.