<h1>India's 2019-20 Budget: Fiscal Deficit at 3.4% of GDP, Current Account Deficit at 2.5%, FDI Reaches $239 Billion.</h1> The fiscal deficit for the year is projected to be 3.4% of GDP, according to the Finance Minister during the 2019-20 Budget presentation. The current account deficit is expected to be 2.5% of GDP. Over the past five years, India has attracted USD 239 billion in foreign direct investment, facilitated by liberalized FDI policies. The government has implemented significant structural reforms, including the introduction of GST, and has successfully managed inflation, preventing a potential 35-40% increase in household expenses on daily items.