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India: Fiscal Deficit Set to Be Lower Despite IT and GST Cuts, Amid Strong Direct Taxes - Smartkarma

Smartkarma

87 Views01 Feb 2026 03:25

​Fiscal deficit for CY25 below target, aided by monthly surplus in Dec'25. Non-tax revenue strong, corporate tax revenue rebounded. Below target FY26 deficit leaves room for stronger spending in FY27.

What is covered in the Full Insight

:

  • Overview of Fiscal Deficit
  • Performance of Direct Taxes
  • Impact of Non-Tax Revenue
  • Trends in Indirect Tax Revenue
  • Future Outlook

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