Global ratings agency S&P Global has affirmed that India is on track to meet its fiscal deficit target for FY27, reflecting strong macroeconomic fundamentals and prudent fiscal management. The assessment highlights India’s robust revenue collections, controlled expenditure growth, and commitment to structural reforms, which collectively enhance fiscal credibility. Despite challenges such as rising global interest rates and inflationary pressures, S&P notes that India’s sound debt trajectory and proactive policy measures underpin its ability to maintain fiscal discipline.