India's April-May fiscal deficit at Rs 13,163 crore, narrows on-year to 0.8% of FY26 aim

India's fiscal deficit for April to May, or the first two months of this fiscal year, was at 13,163 crore rupees, equivalent to 0.8% of annual estimates, narrowing from the previous year's 3.1% budget gap. The government aims to narrow the fiscal gap to 4.4% of GDP in this financial year from 4.8% a year earlier.