India’s fiscal deficit touches Rs 1.62 trillion in April-May, at 9.6% of FY27 target

India's fiscal deficit stood at Rs 1.62 trillion during the first two months of the financial year (April-May FY27), accounting for 9.6 per cent of the full-year Budget Estimate (BE) of Rs 16.96 trillion, according to data released by the Controller General of Accounts (CGA) on Tuesday.