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Fiscal deficit narrows to 4.5% of GDP in 2013/14

Source : REUTERS
Last Updated: Fri, May 30, 2014 11:44 hrs
An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad

New Delhi: India's fiscal deficit during the 2013/14 fiscal year that ended in March was 5.08 trillion rupees ($86.08 billion)), or equivalent to 4.5 percent of the country's gross domestic product, government data showed on Friday.

The deficit is lower than the downwardly revised estimate of 4.6 percent provided by the government in the federal budget in February and is narrower than 4.9 percent a year earlier.

Net tax receipts were 8.16 trillion rupees and total expenditure was 15.6 trillion rupees during the fiscal year, the data showed.

($1 = 59.0150 Indian Rupees)




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