New Delhi, Jan. 2 -- India's fiscal position during the April-November period of FY26 indicates that concerns over lagging tax revenues and adherence to the full-year budget targets have resurfaced, even as the government continues to prioritise capital expenditure-led growth, as per a report by Union Bank of India.

The report stated that the fiscal deficit stood at Rs 9.77 lakh crore during the first eight months of FY26, accounting for 62 per cent of the Budget Estimate (BE).

This compares with a deficit of Rs 8.47 lakh crore, or 54 per cent of the Revised Estimate (RE), recorded in the corresponding period last year, reflecting a year-on-year increase of 15.4 per cent.

It stated, "India's fiscal position during April-November FY26 s...