Econvitals IndiaForecast fiscal deficit (next FY)
Professional forecasters' median forecast of Centre's fiscal deficit, % of GDP, next financial year. Monthly, per cent. Latest: 4.30 (Oct 2026).
Level
per cent
About this series
| Series id | spf_fiscal_deficit_next_fy |
| Source | RBI: Survey of Professional Forecasters, Annex 1-2 |
| Coverage | Oct 2025 to Oct 2026 (6 observations) |
| Release | bi-monthly, released with the MPC decision |
| Updated by | Daily automated pipeline · pipelines/sources/rbi/surveys.py |
| Licence | Terms not yet reviewed; not offered for download |
| Notes | Median of RBI's Survey of Professional Forecasters for the next financial year at each round; the note column names the year forecast (it changes each April). Period = month of the results release. |
| Checked against the official release | Not yet. Values come straight from the publisher, but no one has yet compared them with the press release. |
Download and cite
Not available for download (see licence).
Cite: Econvitals India (2026). Professional forecasters' median forecast of Centre's fiscal deficit, % of GDP, next financial year [spf_fiscal_deficit_next_fy]. Retrieved 28 Oct 2026. Original source: RBI.
Latest observations
| Period | Value | Note |
|---|---|---|
| Oct 2026 | 4.30 | median forecast for 2027-28 |
| Aug 2026 | 4.30 | median forecast for 2027-28 |
| Jun 2026 | 4.40 | median forecast for 2027-28 |
| Apr 2026 | 4.40 | median forecast for 2026-27 |
| Dec 2025 | 4.20 | median forecast for 2026-27 |
| Oct 2025 | 4.20 | median forecast for 2026-27 |
Revisions
No revisions recorded since this series was added. When the publisher revises a past value, the old and new values appear here.