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The Economic Times

Economy / The Economic Times

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India likely to breach budgeted fiscal deficit target for FY27: BMI

India's fiscal deficit may exceed its target, reaching 4.5 percent of GDP. This is due to government policies responding to the West Asia conflict. Measures include supporting key industries and firms. The government might restrict exports of crucial inputs like helium and sulphur. Energy and fertilizer subsidies are expected to rise. Public infrastructure projects could be deferred to manage expenditure.

22 Apr 2026 2:01 pm