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India's April-January Fiscal Deficit Touches 113.7 Percent of Full-Year Target

Net tax receipts in the first ten months of 2017/18 fiscal year were 9.7 trillion rupees, government data showed.

Reuters

Updated:February 28, 2018, 3:35 PM IST
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India's April-January Fiscal Deficit Touches 113.7 Percent of Full-Year Target
File photo of Finance Minister Arun Jaitley.
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New Delhi: A fiscal deficit of 6.77 trillion rupees for April-January or 113.7 percent of the target originally set for the fiscal year that ends in March.

Net tax receipts in the first ten months of 2017/18 fiscal year were 9.7 trillion rupees, government data showed.

Finance Minister Arun Jaitley in his budget for 2018/19 said the fiscal deficit target for the current year has been raised to 3.5 percent of gross domestic product (GDP) from 3.2 percent.
| Edited by: Ahona Sengupta
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