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India’s April-August fiscal deficit narrows to 66.5 pct of annual target – govt

The deficit was at 74.9 during the same period a year ago.

April-Aug fiscal deficit narrows to 66.5% of annual target

India’s fiscal deficit narrowed to Rs 3.69 lakh crore ($56.3 billion) during April-August, or 66.5 percent of the full-year target, government data showed on Wednesday.


The deficit was at 74.9 during the same period a year ago.


Net tax receipts were at Rs 2.99 lakh crore in the first five months of the fiscal year that ends in March 2016.


($1 = 65.5204 Indian rupees)