The fiscal deficit of India reached 9.8 trillion rupees ($107.69 billion) in the April-January period, amounting to 63% of the government’s target for the financial year ending March 31, according to official data released on Friday.
Net tax receipts during the period stood at 20.94 trillion rupees, up from 19 trillion rupees collected in the same timeframe a year earlier. Non-tax revenue also increased, reaching 5.57 trillion rupees compared with 4.7 trillion rupees previously.
Total government expenditure rose slightly to 36.9 trillion rupees from 35.7 trillion rupees in the prior year. Meanwhile, capital expenditure—spending on infrastructure and physical assets—stood at 8.4 trillion rupees, higher than the 7.6 trillion rupees spent in the same period last year.
The government continues to focus on balancing fiscal discipline with infrastructure investment as it approaches the end of the financial year.