India recorded a Government Budget deficit equal to 3.42 percent of the country's Gross Domestic Product in 2018. Government Budget in India averaged -5.01 percent of GDP from 1970 until 2018, reaching an all time high of -2.53 percent of GDP in 1973 and a record low of -8.13 percent of GDP in 1986.
Government Budget in India is expected to be -3.40 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -3.00 percent of GDP in 2020, according to our econometric models.