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Answer : 3. "5.4%"
As per Fitch predictions, what is the projected fiscal deficit for India in FY 25-26?
5Q:
As per Fitch predictions, what is the projected fiscal deficit for India in FY 25-26?
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Answer : 3. "5.4%"
Explanation :
Fitch Ratings estimates India's fiscal deficit to reach 5.4% in 2025-2026 (FY25-2026), higher than the government's 5.1% target. Fitch's forecast is due to more conservative revenue forecasts for FY25. Fitch also expects the central government's fiscal deficit to be 5.4% and state deficit to be 2.8% of GDP in FY2015. Fitch says India's public finances could be affected by the slow pace of fiscal consolidation after the pandemic if major economic shocks occur.