India's April-Sept Fiscal Deficit Touches $74.91 Billion: Centre

India's fiscal deficit for the six months through September touched 6.20 trillion Indian rupees ($74.91 billion) or 37.3% of annual estimates, government data showed on Monday.

Net tax receipts rose to 10.12 trillion rupees while total expenditure was 18.24 trillion rupees, the data showed.

In February, while presenting the annual budget, Finance Minister Nirmala Sitharaman set the fiscal deficit target at 6.4% of Gross Domestic Product (GDP) for 2022/23 starting April, compared to 6.7% in the previous fiscal year.

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