India’s fiscal deficit reaches 92.4 percent of full-year target in July
Thu Aug 31 2017
Rajesh Sharma (2003 articles)

India’s fiscal deficit reaches 92.4 percent of full-year target in July

India reported fiscal deficit of 5.05 trillion rupees ($ 79.01 billion) for April-July or 92.4 percent of the budgeted target for the current fiscal year that ends in March 2018.

The deficit was 73.7 percent of the full-year target during the same period a year ago.

Net tax receipts in the first four months of 2017/18 fiscal year were 2.58 trillion rupees, government data showed on Thursday.

India aims to trim the fiscal deficit to 3.2 percent of gross domestic product in 2017/18 compared with 3.5 percent in the previous year.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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