India fiscal deficit at 42.1 percent
India reported its April to September fiscal deficit reached 7.15 trillion rupees, accounting for 42.1 percent of the full year target. Net tax receipts rose while total government expenditure increased to 25.5 trillion rupees.
India's fiscal deficit reached 7.15 trillion rupees ($75.24 billion) from April to September, hitting 42.1% of the full-year target, government data showed on Friday afternoon. The six-month shortfall widened from 5.7 trillion rupees during the same period last year. The fiscal data highlights spending pressures as the government targets a full-year deficit of 4.3% of GDP.
