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India's fiscal deficit reaches 96 percent of full-year target in August
September 29, 2017 / 11:54 AM / 23 days ago

India's fiscal deficit reaches 96 percent of full-year target in August

NEW DELHI (Reuters) - India reported fiscal deficit of 5.25 trillion rupees ($80.42 billion) for April-August or 96.1 percent of the budgeted target for the current fiscal year that ends in March 2018.

An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

The deficit was 76.4 percent of the full-year target during the same period a year ago.

Net tax receipts in the first five months of 2017/18 fiscal year were 3.4 trillion rupees, government data showed on Friday.

($1 = 65.2800 Indian rupees)

Reporting by Manoj Kumar; Editing by Malini Menon

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