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Global Business / The Economic Times

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India willing to let fiscal deficit widen to 4.8% of GDP: Report

India faces a larger budget deficit this year. The war in Iran is increasing energy subsidy costs. This puts pressure on government finances. Authorities may allow the deficit to widen by half a percentage point. The deficit could reach 4.8% of GDP. This is up from the 4.3% target set in February. The situation is being closely watched.

12 Jun 2026 9:29 am