Strong GST and income tax revenues offset weaker corporate tax performance; capex shortfall raises concerns for infrastructure growth. New Delhi, December 16: The fiscal deficit of the Indian government for FY25 is projected to be 4.8% of GDP, slightly below the budgeted estimate of 4.9%, according to a report by CareEdge Ratings. This modest improvement … Continue reading India’s FY25 Fiscal Deficit Projected at 4.8% Amid Robust Tax Collections