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India's April-November fiscal deficit reaches 86 percent of full-year target
December 30, 2016 / 10:15 AM / 9 months ago

India's April-November fiscal deficit reaches 86 percent of full-year target

A money lender counts Indian rupee currency notes at his shop in Ahmedabad, India, May 6, 2015. REUTERS/Amit Dave/File Photo

NEW DELHI (Reuters) - India’s fiscal deficit during the first eight months to November was 4.58 trillion rupees ($67.46 billion) or 85.8 percent of the budgeted target for the fiscal year ending next March, government data showed on Friday.

The fiscal deficit was 87 percent of the full-year target during the same period a year ago.

Net tax receipts in the first eight months of 2016/17 fiscal year was 6.21 trillion rupees, the data showed.

($1 = 67.8900 Indian rupees)

Reporting by Manoj Kumar; Editing by Malini Menon

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