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    Question

    What percentage of the full-year target did India’s

    fiscal deficit reach in the first half (April–September) of FY26? 
    A 29.4% Correct Answer Incorrect Answer
    B 33.1% Correct Answer Incorrect Answer
    C 36.5% Correct Answer Incorrect Answer
    D 40.0% Correct Answer Incorrect Answer
    E 43.3% Correct Answer Incorrect Answer

    Solution

    India’s fiscal deficit stood at 36.5% of the FY26 full-year target, higher than 29.4% a year ago. The increase was driven by higher capital expenditure (40% growth) and greater devolution to states (₹8.3 trillion). Despite muted tax revenue, non-tax receipts like the RBI’s ₹2.7 trillion dividend helped sustain the government’s fiscal goals 

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