March 28, 2018 / 10:27 AM / a month ago

India's April-Feb fiscal deficit touches 120 percent of full-year target

NEW DELHI (Reuters) - India reported a fiscal deficit of 7.2 trillion rupees ($110.42 billion) for April-February or 120.3 percent of the budgeted target for the current fiscal year that ends this month.

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

Net tax receipts in the first 11 months of 2017/18 fiscal year were 1.03 trillion rupees, government data showed on Wednesday.

($1 = 65.2075 rupees)

Reporting by Neha Dasgupta; Editing by Malini Menon

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