Business Standard

Sunday, December 29, 2024 | 10:37 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

India's April-October fiscal deficit crosses full year target

Image

Reuters NEW DELHI

NEW DELHI (Reuters) - India's April-October fiscal deficit stood at 6.49 trillion rupees ($93.23 billion), or 103.9 percent of the budgeted target for current fiscal year, government data showed on Friday.

Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were 6.61 trillion rupees, government data showed.

The government has said it was confident of meeting its fiscal deficit target of 3.3 percent of GDP in the 2018/19 fiscal year.

($1 = 69.6150 Indian rupees)

(Reporting by Manoj Kumar; Editing by Malini Menon)

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

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

First Published: Nov 30 2018 | 5:30 PM IST

Explore News