Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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India's 2011/12 fiscal deficit widens to 5.76 pct of GDP
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A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata February 3, 2011.
Credit: Reuters/Rupak De Chowdhuri/Files
NEW DELHI |
NEW DELHI (Reuters) - India's fiscal deficit during the 2011/12 fiscal year that ended in March was 5.097 trillion rupees, or equivalent to 5.76 percent of gross domestic product, government data showed on Thursday.
The deficit is marginally lower than the upwardly revised estimate of 5.9 percent provided by the government in its March federal budget.
Net tax receipts were 6.32 trillion rupees and total expenditure was 12.98 trillion rupees during the fiscal year.
(Reporting by Manoj Kumar; editing by Malini Menon)
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