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India's fiscal deficit reaches 91.3% of full-year target in September

India's fiscal deficit reaches 91.3% of full-year target in September
Illustration photo of an India Rupee note. Photo: Reuters

India reported fiscal deficit of 4.99 trillion rupees ($77.09 billion) for April-September or 91.3% of the budgeted target for the current fiscal year that ends in March 2018.

The deficit was 83.9% of the full-year target during the same period a year ago.

Net tax receipts in the first six months of 2017/18 fiscal year were 5.42 trillion rupees, government data showed on Tuesday. ($1 = 64.7325 Indian rupees)

 

Written By: Reuters
Updated: Tue, Oct 31, 2017
04:01 pm
New Delhi, Reuters

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