India's April-May fiscal deficit at 9.6% of full-year target
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FILE PHOTO: A man walks past a Rupee installation at the Reserve Bank Of India (RBI) headquarters in Mumbai, India, April 8, 2026. REUTERS/Francis Mascarenhas/File Photo
NEW DELHI, June 30 (Reuters) - India's fiscal deficit in April-May was at 1.62 trillion rupees ($17.11 billion), or 9.6% of the estimate for the financial year ending March 31, government data showed on Tuesday.
The deficit in the same period last year stood at 131.6 billion Indian rupees.
India has set the fiscal deficit target for 2026/27 at 4.3% of the GDP, or 16.96 trillion rupees.
- Net tax receipts at 3.5 trillion rupees, unchanged from the same period a year ago.
- Non-tax revenue at 3.5 trillion rupees, compared with 3.6 trillion rupees a year ago.
- Total government expenditure at 8.8 trillion rupees compared with 7.5 trillion rupees a year earlier.
- Capital expenditure, or spending on building physical infrastructure, at 2.5 trillion rupees against 2.2 trillion rupees a year ago.
($1 = 94.6600 Indian rupees)
(Reporting by Shubham Batra in New Delhi; Editing by Nivedita Bhattacharjee)
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