India’s fiscal deficit escalated to INR 6.43 tln Between April and August, up from INR 5.42 tln during the same span in the preceding fiscal year. This deficit makes up 36.0% of the government’s projection for this financial year, a rise from 32.6% in the corresponding period of the previous year. This expansion is due to a 20.3% growth in total expenditure and a 21.3% increase in receipts. The country plans to cap the fiscal year with a budget deficit of 5.9% of GDP.