India Fiscal Deficit Narrows in April-January

2024-02-29 10:54 By Joana Ferreira 1 min. read

India's fiscal deficit narrowed to INR 11.03 trillion in April-January 2023-24, down from INR 11.91 trillion in the corresponding period of the previous fiscal year.

This current deficit represents 63.6% of the government's projection for the current financial year, in contrast to the 67.8% recorded during the same period last year.

Total expenditure increased by 5.9% to reach INR 33.55 trillion, while receipts grew by 13.9% to INR 22.52 trillion.

India aims to conclude the current fiscal year with a budget deficit of 5.9% of GDP.



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