India on track to meet 4.4% FY26 fiscal deficit: CareEdge Ratings
Despite a revenue shortfall from GST 2.0, CareEdge Ratings expects India to achieve its FY26 fiscal deficit target of 4.4% of GDP. The gap is likely to be cushioned by higher RBI dividend transfers and strict expenditure control. While GST rationalisation may trim short-term revenues, it is seen boosting tax buoyancy in the long run.