India: Budget balance forecast

India: Budget balance forecast, percent of GDP, 1996 - 2027:

For that indicator, we provide data for India from 1996 to 2027. The average value for India during that period was -8.48 percent with a minimum of -12.08 percent in 2003 and a maximum of -5.45 percent in 2007. The latest value from 2027 is -7.52 percent. For comparison, the world average in 2027 based on 77 countries is -1.75 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle. The series includes actual historical values for past years and forecast values for the current and the next few years.