Business Standard

Wednesday, January 22, 2025 | 04:14 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

India's April-Oct fiscal deficit touches 74% of full-year target

The deficit was 89.6% of the full-year target during the same period a year ago

Image via Shutterstock

<a href="http://www.shutterstock.com/pic-107101340/stock-photo--indian-rupees-high-resolution-seamless-texture-indian-money-seamless-texture.html" target="_blank">Image</a> via Shutterstock

Reuters New Delhi

India's fiscal deficit reached Rs 4.11 lakh crore ($61.67 billion) during April-October or 74% of the full-year target, government data showed on Monday.

The deficit was 89.6% of the full-year target during the same period a year ago.

Net tax receipts were Rs 4.29 lakh crore ($64.37 billion)in the first seven months of the fiscal year that ends in March 2016, while total spending touched Rs 10.22 lakh crore.

($1 = 66.6500 Indian rupees)

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 30 2015 | 5:08 PM IST

Explore News