Fiscal deficit narrowed in April-November to 46% of full-year target
The Hindu
The deficit for eight months stood at ₹6.96 trillion
India’s federal fiscal deficit in April-November, the first eight months of current fiscal year, narrowed to 46.2% of the full-year budgeted target, helped by a rise in tax collections, government data showed on Friday.
The fiscal deficit had surged to 135.1% of the full-year target during the same period last fiscal year.
The fiscal deficit for eight months ended November 2021 stood at ₹6.96 trillion compared with the ₹15.07-trillion target for the whole fiscal year, the data showed.
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