Is India in a financial mess

yes, thats what the rising deficit of India says. Our fiscal deficit is around a whooping 1.77 trillion and is growing at an alarming rate.This situation has arrived due to the spending on stimulus packages introduced during recession,subsidies for oil,food etc, Employment guarantee programmes like NREGP etc. But the revenues are not coming as expected by the government.Government was not able to continue with the 3G auctions which was expected to earn 300-400 billion rupees. Govt. was also not able to sell the shares of Public sector companies to generate income
FISCAL DEFICIT is an economic phenomenon, where the governments total expenditure surpasses the revenue generated by it.