India’s fiscal deficit for the April–September period stood at ₹5.73 lakh crore, equivalent to 36.5% of the full-year target, up from 29.4% in the same period last year.

Total receipts were ₹17.30 lakh crore, or 49.5% of the budget estimate, while expenditure reached ₹23.03 lakh crore, accounting for 45.5% of the target.

Revenue receipts stood at ₹16.95 lakh crore, including ₹12.29 lakh crore in tax and ₹4.66 lakh crore in non-tax revenue.

Also Read : China factory activity shrinks for seventh month, PMI shows

Non-tax revenue rose sharply—boosted by the Reserve Bank of India’s ₹2.69 lakh crore dividend to the Centre—helping partially offset the fiscal gap. The revenue deficit was ₹27,147 crore, or 5.2% of the annual target.

The government aims to narrow the fiscal deficit to 4.4% o

See Full Page