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India's 2012/13 fiscal deficit narrows to 4.9 percent of GDP

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's fiscal deficit during the 2012/13 fiscal year that ended in March was 4.9 trillion rupees, or equivalent to 4.9 percent of the country's gross domestic product, government data showed on Friday.

The deficit is lower than the downwardly revised estimate of 5.2 percent provided by the government in the federal budget in February and is narrower than 5.8 percent a year ago.

Net tax receipts were 7.41 trillion rupees and total expenditure was 14.09 trillion rupees during the fiscal year, the data showed. (Reporting by Rajesh Kumar Singh; editing by Malini Menon)

 

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First Published: May 31 2013 | 4:25 PM IST

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