India's fiscal deficit reaches 74 percent of full-year target in July

August 31, 2016 7:11 AM EDT

Indian Prime Minister Narendra Modi addresses the nation from the historic Red Fort during Independence Day celebrations in Delhi, India, August 15, 2016. REUTERS/Adnan Abidi/File Photo


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NEW DELHI (Reuters) - India's fiscal deficit during April-July was 3.93 trillion rupees ($58.69 billion), or 73.7 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.

The deficit was 69.3 percent during the same period a year ago.

Net tax receipts in the first four months of 2016/17 fiscal year were 2.22 trillion rupees.

($1 = 66.9650 Indian rupees)

(Reporting by Rajesh Kumar Singh; Editing by Sunil Nair)



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