States’ fiscal deficit at 1.8% of GSDP in Q1FY26, capex momentum strong: Report
The combined fiscal deficit of 24 Indian states, representing nearly 92 per cent of the country’s GDP, reached Rs 1.5 trillion or 1.8 per cent of GSDP in the first quarter of 2025-26 – April-June, according to a report by ICICI Bank Global Markets. The ICICI Bank Global Markets analysis revealed that revenue receipts of…