India recorded a Government Budget deficit equal to 3.34 percent of the country's Gross Domestic Product in the 2019-20 fiscal year. India Central Government Budget - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Budget in India averaged -4.98 percent of GDP from 1970 until 2019, 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. This page provides - India Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Budget in India is expected to reach -3.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Central Government Budget is projected to trend around -3.30 percent of GDP in 2021 and -3.10 percent of GDP in 2022, according to our econometric models.


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India Central Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.34 -3.34 -2.53 -8.13 1970 - 2019 percent of GDP Yearly


India Central Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.