India's April-November fiscal deficit at $76.2 billion
NEW DELHI (Reuters) - India's fiscal deficit during the April-November period was 4.13 trillion rupees, or 80.4 percent of the budgeted full fiscal year 2012/13 target, government data showed on Monday.
During the same period in the previous fiscal year, the deficit was 85.6 percent of the budget target.
Net tax receipts for April-November stood at 3.7 trillion rupees while total expenditure was about 8.7 trillion rupees.
In March, the government had budgeted a fiscal deficit of 5.14 trillion rupees, or 5.1 percent of the gross domestic product (GDP), for the fiscal year that ends in March 2013.
However, in October, strained finances forced New Delhi to revise the deficit target to 5.3 percent.
(Reporting by Rajesh Kumar Singh; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
- Jindal Steel shelves $10 bln project after coal setback
- West not expected to demand Iran atom bomb "mea culpa" in deal
- U.S. seeks to step up India trade talks after WTO breakthrough
- EU approves Novartis' Signifor drug for rare hormonal disorder
- India targets private cash to build railways to its ports
The main opposition Congress party signalled on Monday it could support government legislation to liberalise the insurance industry, a long-delayed reform expected to help improve investor confidence. Full Article
Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets Full Article