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India's April-Dec fiscal deficit narrows to 7.01 trillion rupees - government

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Reuters NEW DELHI
Last Updated : Feb 04 2019 | 5:05 PM IST

NEW DELHI (Reuters) - India's April-December fiscal deficit narrowed to 7.01 trillion rupees ($97.80 billion), or 112.4 percent of the budgeted target for the current fiscal year, government data showed on Monday.

In April-November, the country's fiscal deficit was 7.17 trillion rupees, or about 115 percent of the budgeted target.

Net tax receipts in the first nine months of the fiscal year that ends in March were 9.36 trillion rupees, the data showed.

The government has revised upward its fiscal deficit target to 3.4 percent of GDP in the current fiscal year from the previously estimated 3.3 percent.

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($1 = 71.7200 Indian rupees)

(Reporting by Nidhi Verma; Editing by Martin Howell)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Feb 04 2019 | 4:59 PM IST

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