India's centre likely overshot FY26 debt‑to‑GDP ratio as nominal GDP fell

India's central government is projected to have overshot its debt‑to‑GDP ratio for fiscal year 2026. The overshoot is linked to a lower than expected nominal GDP figure. The assessment was reported by Business Standard. The fiscal target had been set based on higher growth assumptions. A reduced nominal GDP raises the debt ratio even without extra borrowing. The finding highlights fiscal pressures facing the centre. Policymakers may need to adjust fiscal plans in response. Future budget statements will clarify the extent of the overshoot.