India's fiscal deficit to drop to 4.5% or lower by fiscal 2026: Economic Survey

India's fiscal deficit is set to decrease to 4.5% of GDP or lower by fiscal 2026, per the Economic Survey 2023-2024. Finance Minister Nirmala Sitharaman aims for a deficit below 4.5% by 2025-26, with expectations to further reduce it during the upcoming budget presentation on July 23. The survey highlights improved tax collection and higher non-tax revenue aiding deficit reduction.