India’s April-November fiscal deficit at 62.3% of 2025/26 target

NEW DELHI: India’s fiscal deficit in April-November was 9.8 trillion rupees ($109.09 billion) or 62.3% of the estimate for the financial year ending March 31, government data showed on Wednesday. India has set the fiscal deficit target for 2025/26 at 4.4% of the GDP, or 15.7 trillion rupees. KEY NUMBERS Net tax receipts at 13.9 trillion rupees, down from 14.4 trillion rupees collected in the same period a year ago. India’s current account deficit moderates in Sept quarter as trade gap narrows Non-tax revenue at 5.2 trillion rupees compared with 4.3 trillion rupees a year ago. Total government expenditure at 29.3 trillion rupeescompared with 27.4 trillion rupees a year earlier. Capital expenditure, or spending on building physicalinfrastructure, at 6.6 trillion rupees against 5.1 trillion rupees a year ago.