India Fiscal Deficit FY26: Slower Tax Growth Threatens Goals
India Faces a Tricky Fiscal Balancing Act: Slower Tax Growth Clouds FY26 Deficit Goals The government wants to shrink the fiscal deficit to 4.5% of GDP by FY26, but now that goal looks a lot harder. Tax revenue isn’t growing like it used to, and spending demands keep piling up. It’s a classic balancing act:…