India’s fiscal deficit has expanded to 63.6% of the budgetary target for the current fiscal year until January. The increase is attributed to slower capital expenditure and a more comfortable revenue expenditure scenario compared to the same period in the previous financial year. The fiscal deficit reached Rs 11.02 lakh crore out of the total limit of Rs 17.34 lakh crore. The target was revised to 5.8% of the GDP from the initial 5.9% estimate in the 2023 budget. The growth of eight key infrastructure sectors hit a 15-month low at 3.6% in January.