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Investing.com -- Recent data released on Friday shows that India’s fiscal deficit for the 2024-25 fiscal year reached 100.5% of the target set for that year.
Earlier in February, the Indian government had set the fiscal deficit target for the 2024-25 fiscal year at 4.8% of the country’s gross domestic product (GDP). The government’s goal was to reduce this figure to 4.4% in the current fiscal year. However, the government did not provide the fiscal deficit data as a percentage of the GDP.
It’s important to note that India’s fiscal year runs from April to March. This means that the data released pertains to the fiscal year that ended in March 2025. The current fiscal year, for which the government aims to lower the deficit to 4.4% of GDP, started in April 2025.
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