India's fiscal deficit widened to INR 4.32 trillion in April-June 2019-20 from INR 4.29 trillion in the same period of the previous fiscal year. Total government revenues increased 4 percent to INR 2.90 while total expenditure rose at a softer 2 percent to INR 7.22 trillion. Government Budget Value in India averaged -2144.57 INR Billion from 1997 until 2019, reaching an all time high of -94.06 INR Billion in April of 1997 and a record low of -8514.99 INR Billion in February of 2019.
Government Budget Value in India is expected to be -4469.00 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in India to stand at -6800.00 in 12 months time. In the long-term, the India Central Government Budget Value is projected to trend around -1608.00 INR Billion in 2020, according to our econometric models.