India reported a fiscal deficit of 6.12 trillion rupees ($95.77 billion) for April-November, or 112 percent of the budgeted target for the current fiscal year that ends in March.
Net tax receipts in the first eight months of 2017/18 fiscal year were 6.99 trillion rupees ($109.39 billion), government data showed on Friday.
On Wednesday, the finance ministry said it would borrow an additional 500 billion rupees ($7.82 billion) this fiscal year that could lead to it breaching its fiscal deficit target of 3.2 percent of gross domestic product.
Like this report? Sign up for our daily newsletter to get our top reports.
Leave Your Comment
9 months ago
India reported fiscal deficit of 4.99 trillion rupees ($77.09 billion) for April...
5 months ago
India reported on Wednesday a fiscal deficit of 6.77 trillion rupees ($103.72...
4 months ago
India will meet its fiscal deficit target of 3.5 percent of GDP for the 2017/18...