India's April-July fiscal deficit at $49.6bn

NEW DELHI : India 's fiscal deficit during April to July was 2.29 trillion rupees ($49.6 billion), or 55.4 percent of t

Published August 30, 2011 Updated August 30, 2011 11:52am

1 min

By Imad Uddin

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Net tax receipts were 1.14 trillion rupees and total expenditure was 3.75 trillion rupees for the April-July period.

In February, the government had forecast a fiscal deficit of 4.13 trillion rupees, or 4.6 percent of gross domestic product, for the current financial year ending in March 2012.

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