India's April-September fiscal deficit at 42.1% of 2026/27 target
- India's fiscal deficit reached 7.15 trillion rupees by September, hitting 42.1% of the annual target, according to new government figures
NEW DELHI: India’s fiscal deficit in the months of April to September stood at 7.15 trillion rupees ($75.24 billion), or 42.1% of the target for the financial year ending March, government data showed on Friday.
The deficit in the same period last year stood at 5.7 trillion rupees.
Net tax receipts for April to September stood at 12.8 trillion rupees, compared with 12.3 trillion rupees a year ago.
India has set its fiscal deficit target for the financial year at 4.3% of GDP, or 16.96 trillion rupees.
Non-tax revenue was at 4.8 trillion rupees, compared with 4.7 trillion rupees a year ago.
India’s September merchandise trade deficit widens to $30.21 billion
Total government expenditure was at 25.5 trillion rupees, compared with 23 trillion rupees a year earlier.
Capital expenditure, or spending on building physical infrastructure, stood at 6.5 trillion rupees against 5.8 trillion rupees a year ago.
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