MUMBAI (Reuters) – India’s fiscal deficit for 2024-25 was 4.8% of the gross domestic product (GDP), data released on Friday showed.
The fiscal deficit was in line with the government’s revised estimate.
The Indian government aims to lower the fiscal deficit to 4.4% in the current fiscal year.
India’s fiscal year runs April through March.
For the month of April, the fiscal deficit was 11.9% of the full-year budget estimate.
KEY NUMBERS FOR 2024-25
** Net tax receipts at 30.36 trillion rupees ($354.9 billion) compared with 23.27 trillion rupees in the previous year
** Non-tax revenue at 5.38 trillion rupees compared to 4.02 trillion rupees in the previous year
** Total government expenditure at 46.56 trillion rupees compared to 44.43 trillion rupees in the previous year
** Capital expenditure, or spending on building physical infrastructure, was 10.52 trillion rupees, against 9.49 trillion rupees in the previous year
($1 = 85.5370 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
