India's fiscal deficit narrowed to ₹4.75 trillion during the first half of the ongoing fiscal, accounting for 29.4% of the FY25 target, according to data from the Controller General of Accounts released on Wednesday.
The gap between the government's expenditure and revenue in April-September was lower than the ₹7.02 trillion reported in the year-ago period. This is on account of higher tax receipts, a significant dividend from the central bank, and restrained government capital expenditure in Q1 amid the general election.
Meanwhile, the country's core sector output, a key contributor to industrial production, showed signs of recovery in September, rebounding from a 42-month low in August.
Five of the eight core sectors recorded positive growth, signaling renewed momentum across nearly two-fifths of industries.
During H1, FY25, net tax receipts stood at ₹12.65 trillion, or 49% of the target set in the annual budget, against ₹11.60 trillion in the same period last year, according to the CGA data.
この記事は Mint Mumbai の October 31, 2024 版に掲載されています。
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