India's Fiscal Deficit Hits 54.5% of Full-Year Target in First Three Quarters, Signaling Budgetary Pressure

India's fiscal deficit for the April-December period has reached ₹8.55 lakh crore, accounting for 54.5% of the full-year target for FY26, according to recent government data. This development indicates that the central government is maintaining a disciplined fiscal trajectory while navigating economic challenges. The total expenditure incurred during this period stood at ₹33.8 lakh crore, reflecting continued public investment and social spending commitments. Analysts note that this deficit level, while substantial, remains within manageable parameters given the current economic growth projections and revenue collection trends. The figures suggest a strategic balancing act between stimulating economic activity through government spending and adhering to fiscal consolidation goals. With three months remaining in the fiscal year, monitoring revenue receipts and expenditure patterns will be crucial to assess whether the government can meet its annual deficit target without compromising on essential developmental expenditures. This data provides critical insight into India's macroeconomic stability and fiscal policy effectiveness amid global economic uncertainties.