India's April-July fiscal deficit at 26.8% of 2026/27 target

Business Recorder reported that India's fiscal deficit for April to July reached 4.55 trillion rupees, or $47.81 billion, equal to 26.8% of the target for the year that closes on March 31. Government data released on Monday showed the shortfall was smaller than the 4.7 trillion rupees recorded in the same months last year. New Delhi has set its fiscal deficit goal for fiscal 2027 at 4.3% of GDP, which amounts to 16.96 trillion rupees.

Net tax receipts reached 8.5 trillion rupees, against 6.6 trillion rupees in the prior-year period, while non-tax revenue rose to 4.2 trillion rupees from 4 trillion rupees. Outlays by the government rose to 17.6 trillion rupees, from 15.6 trillion rupees the previous year. Capital expenditure, which covers building physical infrastructure, increased to 4.5 trillion rupees from 3.5 trillion rupees.