12-March-2026
Economy News
 
Fiscal deficit as percentage of GDP revised upwards for FY'23 to FY'25 after GDP base revision
11-Mar-2026

The fiscal deficit as a percentage of GDP for three financial years till 2024-25 has been revised upwards following the revision in base year for calculation of GDP, the government informed Parliament on Tuesday. As per the new GDP Series published on February 27, the fiscal deficit as a percentage of GDP works out to be 4.9 per cent for 2024-25, 5.7 per cent for 2023-24, and 6.7 per cent for 2022-23, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/fiscal-deficit-as-percentage-of-gdp-revised-upwards-for-fy23-to-fy25-after-gdp-base-revision/articleshow/129400954.cms