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India's fiscal deficit reaches 74 percent of full-year target in July

Reuters NEW DELHI

Last Updated : Aug 31 2016 | 4:57 PM IST

NEW DELHI (Reuters) - India's fiscal deficit during April-July was 3.93 trillion rupees ($58.69 billion), or 73.7 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.

The deficit was 69.3 percent during the same period a year ago.

Net tax receipts in the first four months of 2016/17 fiscal year were 2.22 trillion rupees.

($1 = 66.9650 Indian rupees)

(Reporting by Rajesh Kumar Singh; Editing by Sunil Nair)

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