In the financial year 2026, the estimated gross fiscal deficit in India was expected to be *** percent of the GDP. This would be a decrease from the previous year's deficit in the country. What is fiscal deficit? The fiscal deficit of the government is the difference between the total expenditure incurred and the total non-debt capital receipts of the government. It indicates the total borrowing requirements of the government. Impact from the pandemic Due to concerns over gradually slowing economic growth, the government increased its fiscal spending in early 2019. With the onset of the coronavirus (COVID-19) and consequent lockdown, the unprecedented financial stimulus package led to the worsening of the gross fiscal deficit. This further stressed the tax revenue system across the country. A major impact of the pandemic was the projection of negative quarterly growth of GDP in June 2020 across India.

India recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - India Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In financial year 2021, due to the impact of COVID-19 on the national economy and extra public expenditure on healthcare and various social programs, the fiscal deficit rose to *** percent. The revenue deficit was at *** percent, effective revenue deficit at *** percent, and primary deficit rose to *** percent of India's gross domestic product (GDP). Fiscal deficit is the difference between the total income of the government and its total expenditure, while the revenue deficit occurs when realized net income is less than the projected net income. Effective revenue deficit is the difference between revenue deficit and grants for creation of capital assets. Primary deficit indicates a government's borrowing requirements, excluding interest.

This Dataset contains year and month-wise data on amount of Fiscal Deficit, Revenue Deficit and Primary Deficit

Note: 1. Fiscal Deficit = Total Expenditure - Total Receipts 2. Primary Deficit = Fiscal Deficit - Revenue Expenditure (Interest Payments) 3. Revenue Deficit = Revenue Expenditure -Revenue Receipts

In 2024, the budget balance in relation to the gross domestic product (GDP) in India stood at -7.9 percent. Between 1988 and 2024, the figure dropped by 0.89 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by 1.27 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

India Govt Revenue Deficit: Annual data was reported at 4,437,780.000 INR mn in 2018. This records an increase from the previous number of 3,170,300.000 INR mn for 2017. India Govt Revenue Deficit: Annual data is updated yearly, averaging 1,068,630.000 INR mn from Mar 1998 (Median) to 2018, with 21 observations. The data reached an all-time high of 4,437,780.000 INR mn in 2018 and a record low of 464,480.000 INR mn in 1998. India Govt Revenue Deficit: Annual data remains active status in CEIC and is reported by Controller General of Accounts. The data is categorized under Global Database’s India – Table IN.FA001: Central Government Receipts and Expenditure: Controller General of Accounts (CGA).

Monthly and long-term India Fiscal Balance data: historical series and analyst forecasts curated by FocusEconomics.

Key information about India Consolidated Fiscal Balance: % of GDP

• India Consolidated Fiscal Balance recorded a deficit equal to 4.9 % of its Nominal GDP in Sep 2025, compared with a deficit equal to 5.1 % in the previous quarter
• India Consolidated Fiscal Balance to GDP data is updated quarterly, available from Mar 2005 to Sep 2025, with an average ratio of -3.9 %
• The data reached an all-time high of -1.9 % in Jun 2008 and a record low of -9.2 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Controller General of Accounts provides Consolidated Fiscal Balance in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Consolidated Fiscal Balance covers Central Government only. Nominal GDP prior to Q1 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Further information about India Consolidated Fiscal Balance: % of GDP

• In the latest reports, India National Government Debt reached 2,223.9 USD bn in Jun 2025
• India Nominal GDP reached 975.9 USD bn in Sep 2025

Key information about India Current Account Balance: % of GDP

• India Current Account deficit accounted for 1.2 % of the country's Nominal GDP in Sep 2024, compared with a 1.1 % deficit in the previous quarter.
• India Current Account Balance: % of Nominal GDP data is updated quarterly, available from Jun 2004 to Sep 2024, with an average value of -1.5 %.
• The data reached an all-time high of 3.7 % in Jun 2020 and a record low of -6.8 % in Dec 2012.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Reserve Bank of India provides Current Account Balance in local currency based on BPM6. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Current Account Balance as % of Nominal GDP prior to Q2 2011 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Key information about India Current Account Balance: % of GDP

• In the latest reports of India, Current Account recorded a deficit of 11.2 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 5.0 USD bn in Sep 2024.
• India Direct Investment Abroad expanded by 7.3 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 19.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 873.7 USD bn in Mar 2023.

India recorded a Current Account deficit of 12292 USD Million in the third quarter of 2025. This dataset provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In fiscal year 2025, the current account balance to GDP ratio in India was negative or running a deficit of *** percent. The current account balance to GDP ratio was positive in fiscal year 2021, valuing to nearly *** percent.

India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Mean data was reported at 3.400 % in Mar 2019. This stayed constant from the previous number of 3.400 % for Dec 2018. India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Mean data is updated quarterly, averaging 4.200 % from Mar 2008 (Median) to Mar 2019, with 43 observations. The data reached an all-time high of 7.000 % in Sep 2009 and a record low of 3.190 % in Mar 2008. India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Mean data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SE008: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Central Government Gross Fiscal Deficit as % of GDP.

India recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2024. This dataset provides - India Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The dataset contains All India and Monthly Union Government Accounts - Revenue, Expenditure, Revenue Deficit,Fiscal Deficit ,Gross Primary Deficit

Note: 1. Actual figures are unaudited figures and cumulative during financial year(April to March). 2. April 2019 onwards total receipts include revenue receipts and non-debt capital receipts only. Prior to April 2019, total receipts included revenue receipts, non-debt capital receipts and borrowings.

India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Median data was reported at 3.400 % in Mar 2019. This records a decrease from the previous number of 3.500 % for Dec 2018. India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Median data is updated quarterly, averaging 4.100 % from Mar 2008 (Median) to Mar 2019, with 43 observations. The data reached an all-time high of 7.000 % in Sep 2009 and a record low of 3.100 % in Mar 2008. India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Median data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SE008: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Central Government Gross Fiscal Deficit as % of GDP.

In 2024, India's trade deficit of goods amounted to around *** billion U.S. dollars. Balance of trade The trade balance, also called commercial balance or balance of trade, is the difference between the value of a country’s exports and its imports over a certain timespan. If a country exports more goods or services than in imports, the trade balance is positive – a so-called trade surplus. If a country imports more than it exports, the trade balance is in the red – a trade deficit. Among other factors, trade is affected by production, currency exchange rates, and taxes, and of course by the availability of raw materials and prices of goods. India’s trade is in the red The reason for India’s persistent trade deficit is simple: The country imports far more than it exports. India is a very fast-growing economy with the majority of its GDP generated by services, while most of its workforce is employed in agriculture. India’s main imports include chemicals, crude oil, and machinery, while India exports textiles, software, petroleum products, and leather goods. One reason for the increasing trade deficit is the price of crude oil and its rapid economic growth, which means that export trade now needs to catch up to the demand.

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The dataset under consideration delves into the intricate details of India's financial landscape, encompassing a spectrum of key indicators crucial for a comprehensive understanding. The data, sourced from the National Institution for Transforming India (NITI Aayog)/Planning Commission, Government of India, spans the substantial time frame from 1980-81 to 2015-16, providing an extensive overview of the nation's economic evolution.

One pivotal aspect highlighted in the dataset is the Aggregate Expenditure, serving as a barometer for the overall government spending. This encompasses both Capital Expenditure, directed towards long-term asset creation, and Revenue Expenditure, focusing on day-to-day operational costs. The dataset further dissects the Revenue Expenditure, shedding light on the intricacies of social sector spending, a key driver for societal development.

A critical metric, the Revenue Deficit, surfaces as a key focal point in the dataset, offering insights into the fiscal health by gauging the shortfall in revenue expenditure against revenue receipts. Another imperative parameter is the Gross Fiscal Deficit, a metric indispensable for assessing the government's borrowing requirements.

Delving into the revenue side, the dataset encapsulates Own Tax Revenues, elucidating the proportion of funds generated internally by the government through taxes. This insight is pivotal for understanding the self-sufficiency of the Indian government in funding its operations.

The Nominal Gross State Domestic Product (GSDP) series unfolds as a cornerstone, encapsulating the overall economic output at current prices. This metric is quintessential for comprehending the economic trajectory over the specified period.

In summary, this dataset serves as a treasure trove of information, offering a nuanced perspective on India's financial dynamics. From the intricacies of expenditure to the macroeconomic indicators, each facet contributes to a holistic understanding of the nation's fiscal journey. Researchers, policymakers, and economists can leverage this dataset to unravel patterns, discern trends, and inform strategic decisions for India's economic future.

India recorded a trade deficit of 41.68 USD Billion in October of 2025. This dataset provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

--- ### Content This dataset contains the various finance detail of India. 1. Aggregate expenditure. 2. Capital expenditure. 3. Social sector expenditure. 3. Revenue expenditure. 5. Revenue deficit. 6. Gross fiscal deficit. 7. Own tax revenues. 8. Nominal GSDP series. Granularity: Annual Time period: 1980-81 to 2015-16. Amount: in crore rupees (i.e, 1 crore = 10 million) ### Acknowledgements [National Institution for Transforming India (NITI Aayog)](http://niti.gov.in/)/Planning commission, Govt of India has published this data on their [website](http://niti.gov.in/state-statistics). ---

India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Minimum data was reported at 3.400 % in Mar 2019. This records an increase from the previous number of 3.200 % for Dec 2018. India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Minimum data is updated quarterly, averaging 3.900 % from Mar 2008 (Median) to Mar 2019, with 43 observations. The data reached an all-time high of 6.800 % in Sep 2009 and a record low of -5.900 % in Mar 2012. India PFS: RBI: Central Government Gross Fiscal Deficit as % of GDP: Current Fiscal Year: Minimum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SE008: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Central Government Gross Fiscal Deficit as % of GDP.