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4 June 2018
 |
| INR
(The Total Investment & Insurance Solutions) |
India reported on Friday a fiscal deficit
of 3.45 trillion ($50.37 billion) during
the April-May period, or 55.3% of the budgeted target for fiscal year 2018-19
compared with 68.3% a year ago. Net tax receipts in the first two months of
FY19 were 1.02 trillion, government data showed. India expects to trim the
deficit to 3.3% of GDP in this fiscal year, after meeting an upwardly revised
fiscal deficit target of 3.5% of GDP in 2017-18. The Total Investment & Insurance Solutions
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