India's April-October Fiscal Deficit Crosses Full Year Target

India's April-October fiscal deficit stood at 6.49 trillion rupees ($93.23 billion), or 103.9 per cent of the budgeted target for current fiscal year, government data showed today.

Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were 6.61 trillion rupees, government data showed.

The government has said it was confident of meeting its fiscal deficit target of 3.3 per cent of GDP in the 2018/19 fiscal year.