India to achieve 4.3% fiscal deficit target for FY27 despite projected dip in GST receipts: S&P

S&P Global Ratings is optimistic that India will achieve its fiscal deficit goal for FY27. This assurance persists even with expected declines in Goods and Services Tax receipts resulting from rate adjustments. Enhanced consumer spending and more effective tax collection are likely to elevate GST income, alongside support from central bank dividends and potential underutilization of capital expenditure.