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India's April-October fiscal deficit nears 90% of full-year target: government

[NEW DELHI] India's fiscal deficit was 4.76 trillion rupees (US$76.77 billion) during April-October, or 89.6 per cent of the full-year target, government data showed on Friday.

The deficit was 84.4 per cent during the comparable period in the previous fiscal year.

Net tax receipts were at 3.69 trillion rupees (US$59.52 billion) in the first seven months of the current fiscal year that ends in March 2015.

REUTERS