Breaking: India’s April-July Fiscal Deficit At Rs 3.41 Lakh Cr

India's fiscal deficit for the months April-July stands at Rs 3.41 lakh crore, which is equivalent to 20.5 per cent of the FY23 target

New Delhi: India’s fiscal deficit for the first four months of this fiscal year — April, May, June, July — stood at Rs 3.41 lakh crore or Rs 3.41 trillion. The fiscal deficit recorded accounts for 20.5 per cent of the full year target, according to government data.

India’s fiscal deficit during the same period last year stood at Rs 3.21 trillion or 21.3 per cent of the budget estimates.