New Delhi: India reported fiscal deficit of ₹ 5.05 trillion ($79.01 billion) for April-July or 92.4% of the budgeted target for the current fiscal year that ends in March 2018.

The deficit was 73.7% of the full-year target during the same period a year ago.

Net tax receipts in the first four months of 2017/18 fiscal year were ₹ 2.58 trillion, government data showed on Thursday.

India aims to trim the fiscal deficit to 3.2% of gross domestic product in 2017/18 compared with 3.5% in the previous year. Reuters

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