India's 2011/12 fiscal deficit widens to 5.76 pct of GDP
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)
- Tweet this
- Share this
- Digg this
India will find it difficult to support new global customs rules without "an assurance and visible outcomes" that a permanent solution is being negotiated over its concerns about public food stockholdings, the trade minister said on Friday. Full Article