April-Oct fiscal deficit reaches 79.3 percent of full-year target

Last Updated: Wed, Nov 30, 2016 17:30 hrs
A cashier stacks Indian currency notes inside a bank in Chandigarh

NEW DELHI  - India's fiscal deficit during the seven months to October was 4.24 trillion rupees ($61.91 billion), or 79.3 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.

The fiscal deficit was 74.0 percent of the full-year target during the same period a year ago.

Net tax receipts in the first seven months of 2016/17 fiscal year were 5.3 trillion rupees.

($1 = 68.4900 Indian rupees)

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