April-October fiscal deficit for India nears 90% of full-year target

India's fiscal deficit was Rs 4.76 lakh crore ($76.77 billion) during April-October, or 89.6 percent of the full-year target, government data showed on Friday.

The deficit was 84.4 percent during the comparable period in the previous fiscal year.

 April-October fiscal deficit for India nears 90% of full-year target

Andrew Middleton/Flickr

Net tax receipts were at 3.69 trillion rupees ($59.52 billion) in the first seven months of the current fiscal year that ends in March 2015.

Reuters

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Updated Date: Nov 28, 2014 15:18:24 IST