India's April-February fiscal deficit touches 120 per cent of full-year target

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

NEW DELHI: 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.

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)

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