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India recorded a budget deficit of $ 62.57 billion for April-June, or 68.7% of the budgeted target for the current fiscal year versus 80.8% one year ago.
Net tax revenue in the first quarter of fiscal 2018-2019 ending in March 2019 was 2.37 billion rupees, according to government data.
India plans to reduce the deficit to 3.3 percent of GDP for the current fiscal year, after reaching a revised budget deficit target of 3.5 percent of GDP in 2017 / 18.
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