<h1>India's Fiscal Deficit Targets: 3.9% for 2015-16, 3.5% for 2016-17, Balancing Stability and Growth Objectives.</h1> The fiscal deficit was retained at 3.9% of GDP for the Revised Estimates of 2015-16 and at 3.5% for the Budget Estimates of 2016-17. The Union Finance Minister, during the presentation of the General Budget 2016-17 in the Lok Sabha, emphasized the importance of adhering to fiscal targets to maintain fiscal consolidation and stability. Despite this focus on fiscal prudence, the development agenda has not been compromised, balancing the need for stability with growth objectives.