*Revised estimate.
**Budget estimate.
India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.
Citation formats
State fiscal deficit as a percent of GDP of India FY 2005-2022
For the financial year 2022, according to the budget estimate, the fiscal deficit for states as a percent of GDP was *** percent. However, to overcome the crises caused by the COVID-19 pandemic, an economic package to the tune of ** billion U.S. dollars was sanctioned. This led to a rise of ** basis points. Thereby speculations rose related to an increase in the fiscal deficit, similar to what occurred during the 2008 financial crises.
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Reserve Bank of India. (December 3, 2021). State fiscal deficit as a percent of GDP of India from financial year 2005 to 2020, with estimates until 2022 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1110218/india-state-fiscal-deficit-as-a-percent-of-gdp/
Reserve Bank of India. "State fiscal deficit as a percent of GDP of India from financial year 2005 to 2020, with estimates until 2022." Chart. December 3, 2021. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1110218/india-state-fiscal-deficit-as-a-percent-of-gdp/
Reserve Bank of India. (2021). State fiscal deficit as a percent of GDP of India from financial year 2005 to 2020, with estimates until 2022. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1110218/india-state-fiscal-deficit-as-a-percent-of-gdp/
Reserve Bank of India. "State Fiscal Deficit as a Percent of Gdp of India from Financial Year 2005 to 2020, with Estimates until 2022." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Dec 2021, /statistics/1110218/india-state-fiscal-deficit-as-a-percent-of-gdp/
Reserve Bank of India, State fiscal deficit as a percent of GDP of India from financial year 2005 to 2020, with estimates until 2022 ÌÇÐÄÆƽâ°æ, /statistics/1110218/india-state-fiscal-deficit-as-a-percent-of-gdp/ (last visited August 04, 2026)
State fiscal deficit as a percent of GDP of India from financial year 2005 to 2020, with estimates until 2022 [Graph], Reserve Bank of India, December 3, 2021. [Online]. Available: /statistics/1110218/india-state-fiscal-deficit-as-a-percent-of-gdp/
