Government to meet fiscal deficit target of 4.4% in FY26: PwC

The government is likely to meet its fiscal deficit target of 4.4% of GDP for FY26, and it could even better it, signalling continued fiscal discipline, PwC Partner Ranen Banerjee said. The downward revision in nominal GDP growth from 10.1% to 8% would not derail plans, he added. India had previously overachieved its FY25 deficit target of 4.8% of GDP.