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Macro Updates
India’s fiscal deficit for April-February reached Rs 14.54 trillion, nearly 83% of annual estimates. Net tax receipts were Rs 17.32 trillion rupees – 83% of the annual estimate and 17% higher than last year. Total expenditure during the period was Rs 34.93 trillion – 83.4% of the annual estimate and 11% higher than the government’s spending last year.
April 3, 2023
