India’s fiscal deficit at 92.4% of full-year target in July

Fri, Sep 01 2017, 12:28 PM

India’s fiscal deficit of nearly Rs 5.05 lakh crore for the first four months of 2017-18 (April-July) has reached 92.4% of the budgeted target for the 12-month period that is financial year 2017-18. The fiscal deficit target for the current fiscal is Rs 54.7 lakh crore or 3.2% of the gross domestic product.