S&P Warns of Indian Fiscal Slippage Risk
Why in the news
S&P Global Ratings cautioned that India’s Centre may miss its deficit goal, yet it left its outlook on the country at stable.
Key facts
- Agency: S&P Global Ratings; outlook: stable.
- Centre’s FY27 fiscal deficit target: 4.3% of GDP.
- S&P sees the Centre’s deficit falling to 3.9% by FY30.
Deficit projections
| Measure | FY27 | FY30 |
|---|---|---|
| Centre’s deficit | 4.3% (target) | 3.9% (S&P expectation) |
| General government deficit | 7.3% of GDP | 6.6% of GDP |
Exam angle
- Agency: S&P; outlook: stable.
- Numbers: 4.3%, 3.9%, 7.3%, 6.6%.