India’s fiscal deficit as a percentage of the gross domestic product (GDP) touched 4.56 per cent as of December 2019 with total receipts pegged at rs. 11.77 lakh cr against a higher expenditure of rs. 21.09 lakh cr, government data released recently revealed. The fiscal deficit for fiscal 2019-20 (till March 31, 2020) has been revised to 3.8 per cent now.