India witnessed a significant increase in its federal fiscal deficit in February 2024, according to the latest data released by the government. The fiscal deficit for the month soared to 15013.65 billion rupees, up from 11026.02 billion rupees in January 2024. This spike indicates a growing gap between the government's revenue and expenditure, raising concerns about the country's fiscal health.
The latest figures, updated on 28th March 2024, highlight the challenges faced by the Indian government in managing its finances amidst economic uncertainties. A widening fiscal deficit can have implications on inflation, borrowing costs, and overall economic stability. Analysts will be closely monitoring the government's fiscal policies and budgetary decisions in the coming months to address these alarming trends and ensure a sustainable economic path for India.
