Business Standard

India's April-Feb fiscal deficit touches 120 percent of full-year target

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Reuters NEW DELHI
NEW DELHI (Reuters) - India reported a fiscal deficit of 7.2 trillion rupees ($110.42 billion) for April-February or 120.3 percent of the budgeted target for the current fiscal year that ends this month.
Net tax receipts in the first 11 months of 2017/18 fiscal year were 1.03 trillion rupees, government data showed on Wednesday.
($1 = 65.2075 rupees)
(Reporting by Neha Dasgupta; Editing by Malini Menon)

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First Published: Mar 28 2018 | 3:52 PM IST

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