Government Budget deficit in India decreased to 9.50 percent of GDP in the 2020-2021 fiscal year. source: Reserve Bank of India

Government Budget in India averaged -5.07 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 -9.50 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 February of 2021.

Government Budget in India is expected to reach -7.40 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 -6.70 percent of GDP in 2022, according to our econometric models.

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India Central Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-9.50 -3.34 -2.53 -9.50 1970 - 2020 percent of GDP Yearly

India Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.62 68.30 83.23 47.94 percent [+]
Government Budget -9.50 -3.34 -2.53 -9.50 percent of GDP [+]
Government Budget Value -11584.69 -10755.07 -94.06 -11584.69 INR Billion [+]
Government Spending 3623.68 4866.36 4866.36 735.82 INR Billion [+]
Government Revenues 11216.78 8308.51 17507.27 0.82 INR Billion [+]
Fiscal Expenditure 22801.47 19063.58 26863.62 136.55 INR Billion [+]
Credit Rating 56.00 [+]
Military Expenditure 66578.00 64559.00 66578.00 2759.00 USD Million [+]
Government Spending To GDP 13.21 12.93 19.42 11.81 percent of GDP [+]

India Central Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.