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Data▼ Bearish for Indian equities
Fiscal deficit reaches 41.9% of FY27 target at ₹7.10 lakh crore in April-August
The brief
- Net tax revenue was ₹8.38 lakh crore; government spending reached about ₹20.78 lakh crore
- August deficit was ₹2.5 lakh crore, nearly double the ₹1.29 lakh crore recorded a year earlier
- Faster deficit accumulation may pressure bond yields, affecting banks and rate-sensitive Indian stocks