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Centre may meet FY26 fiscal deficit target despite GST overhaul: Fitch
Business Standard
|September 11, 2025
Forecasting agencies expect the Centre to maintain the fiscal deficit target of 4.4 per cent of gross domestic product (GDP) in 2025-26 (FY26), despite the goods and services tax (GST) rate rationalisation which may cost the exchequer around 0.2 per cent of GDP.
"We estimate the fiscal cost of the reforms to be around 0.2 per cent of GDP annually, but the p
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