India's fiscal deficit at 26.8% of FY27 target in first four months

The Indian government's fiscal deficit for the April-July period stood at ₹5.3 lakh crore, or 26.8% of the full-year budget estimate. This represents a healthier fiscal position compared to the same period last year, when the deficit had reached 33.9% of the annual target. The improved performance suggests better revenue collections and managed expenditure in the first four months of fiscal year 2027.