India's April-June fiscal deficit at $43.57 billion

India's fiscal deficit stood at 2.63 trillion rupees ($43.57 billion) in the first quarter of the current fiscal year to March 2014, government data showed today. Net tax receipts for the first three months of 2013 touched Rs 1.02 trillion, while total expenditure was Rs 3.82 trillion.

India's fiscal deficit stood at 2.63 trillion rupees ($43.57 billion) in the first quarter of the current fiscal year to March 2014, government data showed on Wednesday.

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Net tax receipts for the first three months of 2013 touched Rs 1.02 trillion, while total expenditure was Rs 3.82 trillion.

India's fiscal deficit during 2012/13 fiscal year ending March came down to 4.9% of the country's gross domestic product, compared with 5.8% a year ago.

In the annual budget presented in February, finance minister P Chidambaram had set the fiscal deficit target at 4.8% of GDP for the current fiscal year.

($1 = 60.3625 Indian rupees)