Business Standard

India's fiscal gap one of the highest among major emerging markets

Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019

fiscal deficit, economy, illustration
Premium

Krishna KantSachin Mampatta Mumbai
At around 7.5 per cent of gross domestic product (GDP), the revenue-to-expenditure gap in India is one of the highest among major emerging markets. According to estimates by International Monetary Fund (IMF), total government expenditure was equivalent to around 27.1 per cent of GDP while total government revenue was around 19.6 per cent of GDP in the last calendar year.

The revenue-to-expenditure gap in India is similar to that in Brazil but much higher compared to China, Russia, and Indonesia. In China, government expenditure exceeded revenues by 6.1 per cent of GDP last year while it was a negative 1 per

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in