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Economy

India set to miss 2018-19 fiscal deficit target: India Ratings

Updated : November 27, 2018 07:04 AM IST

The country's 2019 fiscal deficit target has been pegged at 3.3 percent of its gross domestic product (GDP) or 6.24 trillion rupees ($88.45 billion). But the credit rating agency estimated fiscal deficit at 6.67 trillion - or 3.5 percent of GDP.
"The pressure on government finances is mainly arising from the revenue side, particularly from indirect taxes and non-tax revenue," India Rating analysts said in a note.
India set to miss 2018-19 fiscal deficit target: India Ratings
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