Fiscal deficit overshoots full-year target in December

India's fiscal deficit overshot the full-year target in December as the gap swelled to Rs 5.32 trillion ($85.90 billion), or 100.2 per cent of the target for the fiscal year ending in March.

Government data showed on Friday the deficit was 95.2 per cent during the same period a year ago.

Net tax receipts were at Rs 5.46 trillion ($88.16 billion) in the first nine months of the current financial year.

(Reuters)