Despite strong real growth, slowing nominal GDP and a sharply weaker deflator raise fiscal concerns, challenging Budget assumptions for FY26
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The Centre’s tax to GDP ratio improved from 10 per cent in FY20 to 12.6 per cent in FY25, the highest level in this series. | Illustration: Binay Sinha
Shikha Chaturvedi New Delhi
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Topics : Fiscal Deficit Inflation GDP growth Indian Economy
First Published: Dec 04 2025 | 11:53 PM IST
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