India is reportedly willing to allow its fiscal deficit to widen to 4.8% of GDP, according to Bloomberg News, as cited by multiple outlets. The reporting indicates the proposed change would expand the government’s “budget gap,” or fiscal deficit, compared with the prior target for the fiscal year beginning April 1. In particular, sources say the deficit ceiling would rise from a 4.3% target to 4.8% of GDP. Both outlets reference the same Bloomberg account and present the figure as an additional flexibility measure rather than a finalized budget decision. The move would involve a higher deficit than previously planned, implying less adherence to the earlier target for the upcoming fiscal year. The reports do not provide further details in the supplied text, such as the policy rationale, specific spending or revenue assumptions, or whether the proposal is expected to be adopted in the final budget documents.