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India's fiscal deficit narrows to 4.5 percent of GDP in 2013-14
May 30, 2014 / 11:28 AM / 3 years ago

India's fiscal deficit narrows to 4.5 percent of GDP in 2013-14

NEW DELHI (Reuters) - India’s fiscal deficit during the 2013/14 fiscal year that ended in March was 5.08 trillion rupees ($86.08 billion)), or equivalent to 4.5 percent of the country’s gross domestic product, government data showed on Friday.

The deficit is lower than the downwardly revised estimate of 4.6 percent provided by the government in the federal budget in February and is narrower than 4.9 percent a year earlier.

Net tax receipts were 8.16 trillion rupees and total expenditure was 15.6 trillion rupees during the fiscal year, the data showed.

Reporting by Rajesh Kumar Singh; Editing by Jacqueline Wong

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