30.03.202610:00:00UTC+00India’s Fiscal Deficit Widens Sharply in February, Topping 12.5 Trillion Rupees

India’s federal fiscal deficit expanded significantly in February 2026, rising to 12,526.49 billion rupees from 9,814.07 billion rupees a month earlier, according to data updated on 30 March 2026. The figures point to a notable month-on-month deterioration in the central government’s finances.

The jump between January and February underscores increased fiscal pressures as spending and revenue collection diverge late in the financial year. While detailed drivers behind the widening gap were not provided, the scale of the increase is likely to draw close attention from investors and policymakers tracking New Delhi’s deficit trajectory heading into the fiscal year-end.

Market participants will be watching subsequent releases to assess whether February’s reading reflects one-off factors or signals a more persistent stretch in India’s public finances. The latest update confirms that the deficit has moved deeper into record territory for this period, adding another data point to the evolving outlook for the country’s fiscal position.