India's Q2 Fiscal Deficit Hits 18.2% of 2026-27 Target

India's government said that in the second quarter of 2026, the country spent more money than it earned, creating a shortfall of ₹3.1 lakh crore.

This shortfall is 18.2 percent of the amount the government wants to keep as a deficit for the next year.

Last year, the shortfall was ₹2.8 lakh crore, so it has grown.

The government aims to keep the deficit at 4.3 percent of the country’s total income, which is about ₹16.96 lakh crore.

The data was released on July 31, 2026, showing how the country’s finances are doing.