India’s fiscal deficit for April-August 2024 stood at ₹4.35 trillion, representing 27% of the full-year target. This figure is significantly lower than the corresponding period in 2023, when the fiscal deficit had reached ₹6.43 trillion, or 36% of the annual target. The reduction is attributed to higher tax receipts, a generous dividend payout from the Reserve Bank of India (RBI), and lower…
