Answer: 4.9%
Notes: The fiscal deficit for India in the 2024-25 financial year is projected to be 4.9% of the GDP, a reduction from 5.6% in 2023-24. The government aims to contain the fiscal deficit at ₹16,13,312 crore, emphasizing the gap between revenue and expenditure. The fiscal deficit is crucial for understanding the government's borrowing needs and overall economic health, as it reflects the difference between total expenditure and total revenue.
