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India's 2016/17 fiscal deficit comes in at 3.5 percent of GDP
May 31, 2017 / 2:38 PM / 6 months ago

India's 2016/17 fiscal deficit comes in at 3.5 percent of GDP

NEW DELHI (Reuters) - India’s fiscal deficit in the year ending in March 2017 came in at 3.5 percent of gross domestic product, in line with the budgeted estimates, data showed on Wednesday.

Indian Rupee notes are seen in this picture illustration taken in Mumbai June 12, 2013. REUTERS/Vivek Prakash/Files

The shortfall for the 2016/17 fiscal year was 5.35 trillion rupees ($82.97 billion), the government data showed.

New Delhi got 11.02 trillion rupees in net tax receipts during the fiscal year.

($1 = 64.4850 Indian rupees)

Reporting by Rajesh Kumar Singh; Editing by Malini Menon

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