Compare governments on the same measure.

One official number, read across every Union government term since 2004. Years a term shares with another are left out of its average.

Fiscal deficit / GDP over time

Shows who was in office, not who caused a change.

Partly comparable22 years

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Fiscal deficit as a share of GDP government comparison timeline% of GDP051015FY 2005-06FY 2010-11FY 2016-17FY 2021-22
Selected Union government terms

Shows who was in office, not who caused a change.

FY 2026-27
Fiscal deficit / GDP4.3% · budget estimate
Fiscal deficit / GDP Government transition
FY 2026-27

FY 2026-27 · 4.3% · budget estimate.

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Selected period: FY 2026-27

Figures as of 9 Aug 2026. Every term is measured on the same number, Fiscal deficit as a share of GDP (% of GDP); different numbers are never combined into a score. · Years shared by two governments left out · Unfinished years left out · Some years missing · Early estimates left out · Current term still in progress · Terms have different numbers of years

Manmohan Singh 22 May 2004 – 21 May 2009

Average per year4.1%FY 2005-06 → FY 2008-09

4 of 4 full years · 100% coverage · 1 year left out

Years shared by two governments left out

Manmohan Singh 22 May 2009 – 25 May 2014

Average per year5.0%FY 2010-11 → FY 2013-14

4 of 4 full years · 100% coverage · 2 years left out

Years shared by two governments left out

Narendra Modi 26 May 2014 – 29 May 2019

Average per year3.6%FY 2015-16 → FY 2018-19

4 of 4 full years · 100% coverage · 2 years left out

Years shared by two governments left out

Narendra Modi 30 May 2019 – 8 Jun 2024

Average per year7.0%FY 2020-21 → FY 2023-24

4 of 4 full years · 100% coverage · 2 years left out

Years shared by two governments left out

Narendra Modi 9 Jun 2024 – today

No average yet: this term is still in progress.

0 of 1 full year · 0% coverage · 3 years left out

Years shared by two governments left out · Unfinished years left out · Some years missing · Early estimates left out · Current term still in progress

One number, nothing hidden

Years shared by two governments, early estimates that will be revised, missing years and changes of method are listed on each term instead of being quietly averaged in.

India Union Budget — deficit-to-GDP statementHow we handle the data →
Technical details

Data points: 22

Data fingerprint: 60f92ae2fea6a209

Term registry: union-council-of-ministers-v2-2026-09-03