India's April-July fiscal deficit nears $44 billion

A man displays new 2000 Indian rupee banknotes after withdrawing them from a State Bank of India branch in Kolkata

NEW DELHI (Reuters) - India's fiscal deficit in April-July, the first four months of the fiscal year, stood at 3.21 trillion rupees ($43.98 billion), or 21.3% of the budgeted target for the whole year, government data showed on Tuesday.

Net tax receipts were 5.21 trillion rupees while total expenditure was 10.04 trillion rupees, the data showed.

(Reporting by Manoj Kumar and Aftab Ahmed)

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