India's first-quarter fiscal deficit at 68.7% of FY19 target
The government on Tuesday reported a fiscal deficit of â¹4.29 trillion ($62.57 billion) for April-June or 68.7% of the budgeted target for 2018-19. The gap is lower than what it was in June last year, at 80.8% of the FY18 target. India aims to keep fiscal deficit, the gap between the government's revenue and expenditure, within 3.3% of the GDP.