India likely to meet FY27 fiscal deficit target: Goldman Sachs

Goldman Sachs expects India to meet its FY27 fiscal deficit target of 4.3% of GDP despite it reaching 42.6% of the full-year estimate in April–September. Strong corporate tax collections, up 22% year-on-year, are offsetting revenue pressures. The government will likely achieve the target through expenditure reprioritisation, though elevated energy prices pose risks.