India's April-July fiscal deficit at 26.8% of 2026/27 target
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FILE PHOTO: A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai, India, April 9, 2025. REUTERS/Francis Mascarenhas/File Photo
NEW DELHI, Aug 31 (Reuters) - India's fiscal deficit in the months of April-July stood at 4.55 trillion rupees ($47.81 billion), or 26.8% of the target for the financial year ending March 31, government data showed on Monday.
The deficit in the same period last year stood at 4.7 trillion rupees.
India has set its fiscal deficit target for the financial year 2027 at 4.3% of the GDP, or 16.96 trillion rupees.
• Net tax receipts stood at 8.5 trillion rupees, compared with 6.6 trillion rupees a year ago.
• Non-tax revenue was at 4.2 trillion rupees, compared with 4 trillion rupees a year ago.
• Total government expenditure came to 17.6 trillion rupees, compared with 15.6 trillion rupees a year earlier.
• Capital expenditure, or spending on building physical infrastructure, stood at 4.5 trillion rupees against 3.5 trillion rupees a year ago.
($1 = 95.1625 Indian rupees)
(Reporting by Nikunj Ohri and Shivangi Acharya; Editing by Sonia Cheema and Nivedita Bhattacharjee)
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