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.