India's April-September Fiscal Deficit Reaches 42.1% of Full-Year Target

India's fiscal deficit for April to September stood at 7.15 trillion rupees ($75.24 billion), or 42.1% of the government's full-year target, according to data released Friday. The shortfall widened from 5.7 trillion rupees in the same period a year earlier. Net tax receipts rose to 12.8 trillion rupees from 12.3 trillion rupees, while non-tax revenue edged up to 4.8 trillion rupees from 4.7 trillion rupees. Total government expenditure climbed to 25.5 trillion rupees from 23 trillion rupees, with capital expenditure at 6.5 trillion rupees versus 5.8 trillion rupees a year ago. India has set its fiscal deficit target for the year ending March at 4.3% of GDP, or 16.96 trillion rupees.