Fitch Solutions recently raised India’s fiscal deficit forecast to 3.6 percent of the gross domestic product (GDP) for the current fiscal from the earlier 3.4 percent due to weak revenue collections resulting from sluggish economic growth and government’s sweeping corporate tax rate cut. Fitch has revised the forecast as revenue collection is likely to fall far short of the projections in the 2019-20 Budget due to weak collections in Goods and Services Tax (GST).