Indian States Show Fiscal Resilience in Q1: A 28% Capex Surge Amidst 1.8% GSDP Deficit

In Q1 of FY26, 24 Indian states reported a combined fiscal deficit of Rs 1.5 trillion, or 1.8% of GSDP, with a 28% surge in capex driven by strong tax receipts and a rebound in rev...