Business Standard

India's April-January fiscal deficit touches 113.7 percent of full-year target


NEW DELHI (Reuters) - India reported on Wednesday a fiscal deficit of 6.77 trillion rupees ($103.72 billion) for April-January or 113.7 percent of the target originally set for the fiscal year that ends in March.
Net tax receipts in the first ten months of 2017/18 fiscal year were 9.7 trillion rupees, government data showed.
Finance Minister Arun Jaitley in his budget for 2018/19 said the fiscal deficit target for the current year has been raised to 3.5 percent of gross domestic product (GDP) from 3.2 percent.
($1 = 65.2700 Indian rupees)
(Reporting by Manoj Kumar; Editing by Sanjeev Miglani)

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First Published: Feb 28 2018 | 2:58 PM IST

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