India's April-Nov fiscal deficit worsens

NEW DELHI: India's April-November fiscal deficit stood at 7.17 lakh crore ($101.93 billion), or 114.8 percent of the budgeted target for the current fiscal year, government data showed on Thursday.Net tax receipts in the first eight months of the fiscal year that ends in March 2019 were 7.32 lakh crore, data showed.The government is widely expected to miss its fiscal deficit target of 3.3 percent of GDP in the current fiscal year, or announce spending cuts in the last quarter.

from Economic Times http://bit.ly/2CAIjlh