November 30, 2017 / 9:18 AM / 12 days ago

India's fiscal deficit reaches 96 percent of FY target in October

NEW DELHI (Reuters) - India reported a fiscal deficit of 5.25 trillion rupees ($81.36 billion) for April-October, or 96.1 percent of the budgeted target for the current fiscal year that ends in March 2018.

A Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

The deficit was 79.3 percent of the full-year target during the same period a year ago.

Net tax receipts in the first seven months of 2017/18 fiscal year were 6.34 trillion rupees, government data showed on Thursday.

($1 = 64.5275 Indian rupees)

Reporting by Manoj Kumar

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