What is the current fiscal deficit percentage of India for the year 2023? (2023)

What is the current fiscal deficit percentage of India for the year 2023? (2023)

Step 1: Understand what fiscal deficit means. It is the difference between the government's total expenditure and its total revenue.
Step 2: Know that the fiscal deficit is expressed as a percentage of the country's Gross Domestic Product (GDP).
Step 3: Look for the latest estimates or reports regarding India's fiscal deficit for the year 2023.
Step 4: Find that the estimated fiscal deficit percentage for India in 2023 is around 5.0%.
Step 5: Confirm that this percentage indicates how much the government is spending beyond its income.

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