India recorded a Government Budget deficit equal to 9.40 percent of the country's Gross Domestic Product in the 2020-21 fiscal year. source: Reserve Bank of India
Government Budget in India averaged -5.09 percent of GDP from 1970 until 2020, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -9.40 percent of GDP in 2020. This page provides - India Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Central Government Budget - values, historical data and charts - was last updated on July of 2021.
Government Budget in India is expected to reach -6.80 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -3.60 percent of GDP in 2023, according to our econometric models.