Goldman Sachs Says India May Meet FY27 Deficit Target
Goldman Sachs believes the Centre is on track to meet its fiscal deficit target for FY27, despite spending pressures. Strong corporate tax collections are offsetting some revenue pressures seen in the first half of the year. The government's fiscal position also improved significantly in September compared with August.
Context
Context: The fiscal deficit is the gap between what the government spends and what it earns, apart from borrowing. FY27 is the financial year running from April 2026 to March 2027, and the government sets yearly targets for it.
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