{"id":128295,"date":"2026-10-09T17:44:16","date_gmt":"2026-10-09T12:14:16","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=128295"},"modified":"2026-10-09T17:44:16","modified_gmt":"2026-10-09T12:14:16","slug":"indias-fiscal-position","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/indias-fiscal-position\/","title":{"rendered":"India\u2019s Fiscal Position, Revenue, Expenditure, Deficit &#038; Debt"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">India\u2019s fiscal position has strengthened in recent years, supported by <\/span><b>fiscal consolidation, better revenue mobilisation and higher capital expenditure<\/b><span style=\"font-weight: 400;\">. The government has gradually reduced the fiscal and revenue deficits while maintaining spending on infrastructure and development. The <\/span><b>Economic Survey 2025-26<\/b><span style=\"font-weight: 400;\"> highlights that this calibrated fiscal strategy has helped maintain macroeconomic stability despite global economic uncertainty.\u00a0<\/span><\/p>\n<h2><b>India\u2019s Fiscal Position Current Position<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India\u2019s fiscal strategy is increasingly focused on balancing <\/span><b><a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/economic-growth-and-development\/\" target=\"_blank\">economic growth<\/a>, fiscal sustainability and macroeconomic stability<\/b><span style=\"font-weight: 400;\">. The government has followed a gradual path of fiscal consolidation rather than making sharp cuts in public expenditure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/fiscal-deficit\/\" target=\"_blank\"><b>fiscal deficit<\/b><\/a><span style=\"font-weight: 400;\"> was budgeted at <\/span><b>4.4% of GDP in FY 2025-26<\/b><span style=\"font-weight: 400;\">, down from 4.8% in FY 2024-25. For <\/span><b>FY 2026-27, the fiscal deficit is estimated at 4.3% of GDP<\/b><span style=\"font-weight: 400;\">, showing continued movement towards fiscal consolidation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/revenue-deficit\/\" target=\"_blank\"><b>revenue deficit<\/b><\/a><span style=\"font-weight: 400;\"> was budgeted at <\/span><b>0.8% of GDP in FY 2025-26<\/b><span style=\"font-weight: 400;\">, its lowest level since FY 2008-09. This indicates that a larger share of government resources can be directed towards productive capital expenditure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The quality of government expenditure has improved as <\/span><b>revenue expenditure has moderated<\/b><span style=\"font-weight: 400;\">, while capital expenditure has received greater priority. Effective capital expenditure has increased significantly compared with the pre-pandemic period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The government&#8217;s <\/span><b>debt-to-GDP ratio<\/b><span style=\"font-weight: 400;\"> has also declined. It stood at <\/span><b>55.7% in FY 2024-25<\/b><span style=\"font-weight: 400;\">, while the Union Budget 2026-27 estimates it at <\/span><b>55.6%<\/b><span style=\"font-weight: 400;\"> and targets a level of around <\/span><b>50\u00b11% by 2030-31<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">States remain an important part of India&#8217;s overall fiscal position because their finances directly affect <\/span><b>general government debt, public investment and fiscal stability<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<h2><b>Key Indicators of India\u2019s Fiscal Position<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The fiscal position of India is assessed through several indicators that show the government&#8217;s ability to raise revenue, manage expenditure and control debt.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fiscal Deficit:<\/b><span style=\"font-weight: 400;\"> It is the gap between total government expenditure and total receipts excluding borrowings. It represents the government&#8217;s overall borrowing requirement. A lower and sustainable fiscal deficit helps strengthen fiscal stability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Revenue Deficit:<\/b><span style=\"font-weight: 400;\"> It occurs when revenue expenditure exceeds revenue receipts. A reduction in the revenue deficit is important because it creates greater room for spending on productive assets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Debt-to-GDP Ratio:<\/b><span style=\"font-weight: 400;\"> This measures government debt in relation to the size of the economy. India&#8217;s medium-term objective is to bring the debt-to-GDP ratio towards <\/span><b>50\u00b11% by FY 2030-31<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Capital Expenditure:<\/b><span style=\"font-weight: 400;\"> Capital expenditure creates long-term assets such as roads, railways, ports and other infrastructure. The government has increasingly prioritised capital expenditure because of its role in supporting productivity and long-term growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Revenue Mobilisation:<\/b><span style=\"font-weight: 400;\"> Stronger tax and non-tax revenues improve the government&#8217;s ability to finance expenditure without excessive borrowing. Expansion of the direct-tax base and GST base has supported revenue mobilisation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Quality of Expenditure:<\/b><span style=\"font-weight: 400;\"> Fiscal health depends not only on how much the government spends but also on <\/span><b>where and how effectively it spends<\/b><span style=\"font-weight: 400;\">. Productive capital expenditure is generally more beneficial for long-term growth than excessive committed or non-developmental expenditure.<\/span><\/li>\n<\/ul>\n<h2><b>Government Revenue, Expenditure and Fiscal Deficit in India<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This section covers the <\/span><b>main sources of government revenue, the nature of government expenditure and the fiscal deficit<\/b><span style=\"font-weight: 400;\">, which together explain the overall fiscal position of the government.\u00a0<\/span><\/p>\n<h3><b>Government Revenue<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government revenue mainly comes from <\/span><b>tax revenue and non-tax revenue<\/b><span style=\"font-weight: 400;\">. Tax revenue includes direct and indirect taxes, while non-tax revenue includes dividends, interest receipts, fees and other government income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India&#8217;s revenue mobilisation has improved due to <\/span><b>better tax compliance, digitalisation, technology-driven tax administration and a broader tax base<\/b><span style=\"font-weight: 400;\">. Income-tax return filings increased from <\/span><b>6.9 crore in FY 2021-22 to 9.2 crore in FY 2024-25<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>GST revenue<\/b><span style=\"font-weight: 400;\"> has also become an important source of government revenue. The GST taxpayer base has expanded considerably since its introduction, reflecting increasing formalisation of economic activity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-tax revenue has remained an important source of support, with improved performance of <\/span><b>Central Public Sector Enterprises (CPSEs)<\/b><span style=\"font-weight: 400;\"> contributing through higher profits and dividends.<\/span><\/li>\n<\/ul>\n<h3><b>Government Expenditure<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government expenditure consists mainly of <\/span><b>revenue expenditure and capital expenditure<\/b><span style=\"font-weight: 400;\">. Revenue expenditure includes salaries, pensions, interest payments, subsidies and other recurring expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Capital expenditure is directed towards the creation of <\/span><b>long-term productive assets<\/b><span style=\"font-weight: 400;\">, including roads, railways, infrastructure and other public facilities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue expenditure declined from <\/span><b>13.6% of GDP in FY 2021-22 to 10.9% in FY 2024-25<\/b><span style=\"font-weight: 400;\">, creating greater fiscal space for productive expenditure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The government has also rationalised subsidies while continuing to support essential welfare and food-security programmes. Major subsidies declined from <\/span><b>1.9% of GDP in FY 2021-22 to 1.1% in FY 2025-26<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<h3><b>Fiscal Deficit and Fiscal Consolidation<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fiscal deficit<\/b><span style=\"font-weight: 400;\"> represents the government&#8217;s borrowing requirement. Persistent high deficits can increase debt and interest burdens and may also create <\/span><b>crowding-out effects<\/b><span style=\"font-weight: 400;\"> if government borrowing reduces the resources available for private investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fiscal consolidation<\/b><span style=\"font-weight: 400;\"> refers to measures aimed at improving government finances by controlling deficits, improving revenue mobilisation and making expenditure more efficient.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India&#8217;s fiscal consolidation strategy seeks to reduce the deficit gradually while protecting <\/span><b>public investment and essential welfare expenditure<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<h2><b>Factors Affecting India\u2019s Fiscal Position<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">India&#8217;s fiscal position is influenced by domestic economic conditions, government policies, revenue performance and the finances of states.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Economic growth:<\/b><span style=\"font-weight: 400;\"> Higher economic growth generally expands the tax base and increases government revenue, making fiscal consolidation easier. A slowdown, on the other hand, can reduce revenue while increasing the need for government support.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tax mobilisation:<\/b><span style=\"font-weight: 400;\"> Strong tax collection improves fiscal capacity. GST expansion, digital tax administration and better compliance have helped improve revenue mobilisation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Public expenditure:<\/b><span style=\"font-weight: 400;\"> The composition of expenditure is important. Greater emphasis on capital expenditure can support long-term growth, while excessive committed expenditure can reduce fiscal flexibility.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Subsidies and welfare expenditure:<\/b><span style=\"font-weight: 400;\"> Welfare programmes support vulnerable sections of society, but poorly targeted or rapidly rising subsidies can put pressure on public finances.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Public borrowing and interest payments:<\/b><span style=\"font-weight: 400;\"> Borrowing helps finance development expenditure when government revenues are insufficient. However, excessive borrowing increases debt and future interest obligations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>State finances:<\/b><span style=\"font-weight: 400;\"> State governments account for a significant share of general government debt and expenditure. Their fiscal discipline is therefore important for India&#8217;s overall fiscal stability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fiscal policy:<\/b><span style=\"font-weight: 400;\"> Fiscal policy operates mainly through <\/span><b><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/taxation-system-in-india\/\" target=\"_blank\">taxation<\/a>, public expenditure and public borrowing<\/b><span style=\"font-weight: 400;\">. Depending on economic conditions, the government may adopt expansionary, contractionary or neutral fiscal policies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Economic cycle:<\/b><span style=\"font-weight: 400;\"> A <\/span><b>counter-cyclical fiscal policy<\/b><span style=\"font-weight: 400;\"> attempts to support the economy during a slowdown and moderate demand during an economic boom. A pro-cyclical policy, in contrast, can amplify economic fluctuations.<\/span><\/li>\n<\/ul>\n<h2><b>Fiscal Position of Indian States<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>State finances<\/b><span style=\"font-weight: 400;\"> are important for India\u2019s overall fiscal stability as states account for a significant share of government debt and expenditure. Their fiscal health directly affects macroeconomic stability and sustainable growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>NITI Aayog\u2019s Fiscal Health Index (FHI) 2026<\/b><span style=\"font-weight: 400;\"> assesses states on <\/span><b>Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index and Debt Sustainability<\/b><span style=\"font-weight: 400;\">. It separately evaluates <\/span><b>18 major states and 10 North-Eastern and Himalayan States<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Among major states, <\/span><b>Odisha<\/b><span style=\"font-weight: 400;\"> remained the top performer, followed by <\/span><b>Goa and Jharkhand<\/b><span style=\"font-weight: 400;\">, while <\/span><b>Gujarat, Maharashtra, Chhattisgarh, Telangana, Uttar Pradesh and Karnataka<\/b><span style=\"font-weight: 400;\"> were among the Front-Runners.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Punjab, West Bengal, Kerala and Andhra Pradesh<\/b><span style=\"font-weight: 400;\"> remained in the Aspirational category due to <\/span><b>high debt, persistent deficits, large committed expenditure and modest revenue growth<\/b><span style=\"font-weight: 400;\">. The combined fiscal deficit of states rose from around <\/span><b>2.8% of GDP<\/b><span style=\"font-weight: 400;\"> in the post-pandemic period to <\/span><b>3.2% in FY 2024-25<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Among the <\/span><b>North-Eastern and Himalayan States<\/b><span style=\"font-weight: 400;\">, <\/span><b>Arunachal Pradesh and Uttarakhand<\/b><span style=\"font-weight: 400;\"> were Achievers, while <\/span><b>Assam, Meghalaya, Mizoram, Sikkim and Tripura<\/b><span style=\"font-weight: 400;\"> were Performers. <\/span><b>Himachal Pradesh, Manipur and Nagaland<\/b><span style=\"font-weight: 400;\"> remained Aspirational due to fiscal pressures.<\/span><\/li>\n<\/ul>\n<h2><b>Challenges for India\u2019s Fiscal Position<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>High public debt:<\/b><span style=\"font-weight: 400;\"> Although India&#8217;s debt-to-GDP ratio has declined, the overall level of public debt remains significant. Continued fiscal consolidation is necessary to create greater fiscal space for future shocks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rising interest burden:<\/b><span style=\"font-weight: 400;\"> Interest payments are a major component of government expenditure and can reduce the resources available for development and welfare spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>State-level fiscal stress:<\/b><span style=\"font-weight: 400;\"> The fiscal position of states varies considerably. NITI Aayog&#8217;s <\/span><b>Fiscal Health Index 2026<\/b><span style=\"font-weight: 400;\">, based on FY 2023-24 data, shows significant differences among states in revenue mobilisation, expenditure quality, fiscal prudence and debt sustainability. Odisha ranked first among the major states, while Punjab, Andhra Pradesh, West Bengal and Kerala remained in the fiscally stressed category.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Committed expenditure:<\/b><span style=\"font-weight: 400;\"> High expenditure on salaries, pensions and interest payments can leave states with limited flexibility to increase productive and developmental spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Limited own-revenue capacity:<\/b><span style=\"font-weight: 400;\"> Some states remain highly dependent on transfers from the Centre because of their relatively weak own-tax and non-tax revenue mobilisation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Need to balance growth and consolidation:<\/b><span style=\"font-weight: 400;\"> Excessive fiscal tightening could affect public investment and economic growth, while prolonged high deficits could weaken debt sustainability. Maintaining the right balance remains a major policy challenge.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Global economic uncertainty:<\/b><span style=\"font-weight: 400;\"> External shocks such as changes in commodity prices, global interest rates, geopolitical tensions and slower global growth can affect India&#8217;s revenue, expenditure and borrowing conditions.<\/span><\/li>\n<\/ul>\n<h2><b>Way Forward for India\u2019s Fiscal Position<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Continue gradual fiscal consolidation:<\/b><span style=\"font-weight: 400;\"> India should maintain a credible medium-term path of deficit reduction without compromising essential welfare spending and productive public investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strengthen revenue mobilisation:<\/b><span style=\"font-weight: 400;\"> Expanding the tax base, improving compliance, reducing leakages and using technology can help increase government revenues without placing excessive pressure on existing taxpayers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maintain focus on capital expenditure:<\/b><span style=\"font-weight: 400;\"> Public investment in <\/span><b>infrastructure, transport, logistics and other productive sectors<\/b><span style=\"font-weight: 400;\"> should remain a priority because it can support private investment and long-term economic growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improve the quality of expenditure:<\/b><span style=\"font-weight: 400;\"> Governments should gradually reduce unproductive and excessive committed expenditure while directing more resources towards development and asset creation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strengthen state finances:<\/b><span style=\"font-weight: 400;\"> States need to improve <\/span><b>own-revenue mobilisation, expenditure management, debt management and fiscal transparency<\/b><span style=\"font-weight: 400;\">. NITI Aayog has highlighted the importance of improving revenue capacity and controlling committed expenditure for stronger state-level fiscal resilience.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rationalise subsidies:<\/b><span style=\"font-weight: 400;\"> Subsidies should be better targeted so that fiscal resources reach the intended beneficiaries while reducing unnecessary pressure on government finances.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improve public financial management:<\/b><span style=\"font-weight: 400;\"> Greater transparency, better cash and debt management, reliable fiscal data and stronger monitoring can improve the efficiency of public spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strengthen Centre-State coordination:<\/b><span style=\"font-weight: 400;\"> Schemes such as <\/span><b>Special Assistance to States for Capital Expenditure (SASCI)<\/b><span style=\"font-weight: 400;\"> can continue to encourage states to maintain capital spending while linking fiscal support with reforms and investment priorities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maintain a sustainable debt trajectory:<\/b><span style=\"font-weight: 400;\"> India&#8217;s medium-term objective of bringing the debt-to-GDP ratio towards <\/span><b>50\u00b11% by FY 2030-31<\/b><span style=\"font-weight: 400;\"> should remain an important anchor for fiscal policy.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Read about India\u2019s Fiscal Position, including the fiscal deficit target, debt-to-GDP ratio, capital expenditure, state finances and measures for fiscal sustainability.<\/p>\n","protected":false},"author":11,"featured_media":127106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[786],"tags":[10782],"class_list":["post-128295","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general-studies","tag-indias-fiscal-position","no-featured-image-padding"],"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/128295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=128295"}],"version-history":[{"count":1,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/128295\/revisions"}],"predecessor-version":[{"id":128298,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/128295\/revisions\/128298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/127106"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=128295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=128295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=128295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}