States are facing fiscal pressure as revenue growth slows and welfare spending remains high, leading to elevated deficits. Morgan Stanley reports state fiscal deficits are projected to stay at 3.2% of GSDP through FY27, while the consolidated fiscal deficit is expected to rise to 7.9%.
Stock Market Holiday 2026: Are NSE, BSE closed today for Bakri Id? Check market closing dates list
Indian stock markets will be closed on May 28 for Bakri Id, marking another trading holiday in 2026. Following this, seven more market closures are