Indian Finance Minister Nirmala Sitharaman has announced that the country has fulfilled its fiscal deficit target for the 2025-26 fiscal year.

• India's fiscal deficit stands at Rs 15.19 trillion, surpassing the government's target of Rs 300 billion.
• The country's GDP growth rate is expected to be around 3% in the current fiscal year.
• FM Sitharaman has credited her visit to the US with improving India's credit ratings, which are now above 200% of GDP.

Nirmala Sitharaman's Visit to the US

The Indian Finance Minister embarked on a three-day visit to the US, starting from August 25, and met with several high-ranking officials, including those from the European Union.

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Trade Agreements and Bilateral Ties

During her visit, FM Sitharaman also discussed trade agreements and bilateral ties with her US counterparts. The multilateral treaty age has gone off, she said, as India moves forward with its trade treaties on a bilateral basis.

Outlook and What to Watch Next

The Indian government is expected to release its next fiscal budget in September 2026, which will provide further insights into the country's economic plans. With the US visit behind her, FM Sitharaman returns home on August 28, having fulfilled her target for the 2025-26 fiscal year.