India’s fiscal deficit hits 91.3% of full-year target in September

India reported fiscal deficit of 4.99 trillion rupees ($77.09 billion) for April-September or 91.3 percent of the budgeted target for the current fiscal year that ends in March 2018.

The deficit was 83.9 percent of the full-year target during the same period a year ago.

Net tax receipts in the first six months of 2017/18 fiscal year were 5.42 trillion rupees, government data showed on Tuesday.

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