India’s April-November fiscal deficit at 62.3% of 2025/26 target
- India has set the fiscal deficit target for 2025/26 at 4.4% of the GDP, or 15.7 trillion rupees
NEW DELHI: India’s fiscal deficit in April-November was 9.8 trillion rupees ($109.09 billion) or 62.3% of the estimate for the financial year ending March 31, government data showed on Wednesday.
India has set the fiscal deficit target for 2025/26 at 4.4% of the GDP, or 15.7 trillion rupees.
KEY NUMBERS
Net tax receipts at 13.9 trillion rupees, down from 14.4 trillion rupees collected in the same period a year ago.
India’s current account deficit moderates in Sept quarter as trade gap narrows
Non-tax revenue at 5.2 trillion rupees compared with 4.3 trillion rupees a year ago.
Total government expenditure at 29.3 trillion rupeescompared with 27.4 trillion rupees a year earlier.
Capital expenditure, or spending on building physicalinfrastructure, at 6.6 trillion rupees against 5.1 trillion rupees a year ago.