NEW DELHI (Reuters) - India's fiscal deficit in the year ended March 2018 came in at 3.53 percent of gross domestic product, in line with the revised estimates, government data showed on Thursday.
India revised its fiscal deficit target in February to 3.5 percent of GDP from 3.2 percent of GDP for the 2017/18 fiscal year. For the current fiscal year, the government estimates to trim the deficit to 3.3 percent of GDP.
The shortfall for the 2017/18 fiscal year was 5.9 trillion rupees ($87.53 billion), the data showed.
New Delhi got 12.4 trillion rupees in net tax receipts during the fiscal year.
($1 = 67.4050 Indian rupees)
(Reporting by Neha Dasgupta; Editing by Malini Menon)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app