Year-wise data on India's fiscal deficit for the last 25 years:

 

Key observations from this 25-year fiscal deficit data:

Lowest deficit: The lowest fiscal deficit was recorded in 2007-08 at 2.5% of GDP.

Highest deficit: The highest fiscal deficit was in 2020-21 at 9.2% of GDP, primarily due to the economic impact of the COVID-19 pandemic.

Pre-2008 trend: From 1999-00 to 2007-08, there was a general downward trend in the fiscal deficit, reaching its lowest point in 2007-08.

Global Financial Crisis impact: The fiscal deficit increased sharply in 2008-09 (6.0%) and 2009-10 (6.1%) due to the global financial crisis.

Post-crisis recovery: After 2010-11, the deficit gradually decreased, reaching 3.4% in 2018-19.

Recent years: The deficit increased to 4.6% in 2019-20, spiked to 9.2% in 2020-21 due to the pandemic, and has been gradually decreasing since then.

Current situation: The fiscal deficit for 2023-24 stands at 5.6%, showing a continued effort towards fiscal consolidation post-pandemic.

This long-term data provides insights into India's fiscal management over different economic cycles, policy changes, and global events, reflecting the country's evolving economic landscape and fiscal policies