India's fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings

India's fiscal deficit is projected at 4.8% of GDP for FY25, slightly below the budgeted target, driven by strong GST and income tax collections. While capex may fall short, robust services exports and stable remittances are expected to keep the current account deficit manageable at 0.9% of GDP. Real GDP growth is estimated at a healthy 6.5%.