India meets FY26 fiscal deficit target of 4.4% of GDP; revenue deficit at 1.55%

India's fiscal deficit reached the budgeted 4.4% of GDP for fiscal 2026. This eases immediate government finance worries. However, the focus shifts to next year's ambitious consolidation target. The country might face challenges meeting the current year's deficit goal due to rising subsidy costs. Revenue receipts showed mixed performance compared to the previous year.