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Money News

India's April-November fiscal deficit remains above full-year target

A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave/File Photo

NEW DELHI (Reuters) - India’s fiscal deficit in the first eight months through November stood at 8.08 trillion rupees ($113.20 billion), or 114.8% of the budgeted target for the current fiscal year, government data showed on Tuesday.

Net tax receipts in the April-November period was 7.51 trillion rupees, while total expenditure was 18.20 trillion rupees, the data showed.

($1 = 71.3800 rupees)

Reporting by Aftab Ahmed; Editing by Gareth Jones

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