February 1, 2018 / 10:44 AM / 6 months ago

RPT-India's April-Dec fiscal deficit touches 113.6 pct of full-year target

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NEW DELHI, Feb 1 (Reuters) - India reported a fiscal deficit of 6.21 trillion rupees ($97.27 billion) for April-December or 113.6 percent of the budgeted target for the current fiscal year that ends in March.

Net tax receipts in the first nine months of 2017/18 fiscal year were 9.0 trillion rupees, government data showed on Thursday.

India has upwardly revised its fiscal deficit target to 3.5 percent of gross domestic product (GDP) for the 2017/18 fiscal year, Finance Minister Arun Jaitley told parliament earlier while unveiling the federal budget for the next fiscal year.

$1 = 63.8400 Indian rupees Reporting by Manoj Kumar; Editing by Malini Menon

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