India April-August fiscal deficit hits 42 percent
India reported its April to August fiscal deficit reached 7.1 trillion rupees or 41.9 percent of the annual target. Net tax receipts rose while total government expenditure increased to 20.8 trillion rupees.
India's fiscal deficit hit 7.1 trillion rupees ($74.09B) during the April-August period, reaching 41.9% of its full-year target. The deficit compares with 6 trillion rupees recorded during the same period in the previous year. The data underscores ongoing fiscal management as public spending accelerates across infrastructure projects.
