India’s fiscal deficit in the year ended March 2018 came in at 3.53% of gross domestic product, in line with the revised estimates, government data showed on Thursday.
India revised its fiscal deficit target in February to 3.5% of GDP from 3.2% of GDP for the 2017/18 fiscal year. For the current fiscal year, the government estimates to trim the deficit to 3.3% of GDP.
The shortfall for the 2017/18 fiscal year was ₹5.9 trillion ($87.53 billion), the data showed.
New Delhi got ₹12.4 trillion in net tax receipts during the fiscal year.
