(measure: percent; Source: International Monetary Fund)
* indicates monthly or quarterly data series
India: Budget balance forecast, percent of GDP
For that indicator, International Monetary Fund provides data for India from 1996 to 2024. The average value for India during that period was -7.86 percent with a minimum of -10.95 percent in 2003 and a maximum of -4.9 percent in 2007.
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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.