India’s fiscal deficit in April-July, the first four months of the fiscal year, stood at Rs 3.21 lakh crore ($43.98 billion), or 21.3% of the budgeted target for the whole year, government data showed on Tuesday. 

Net tax receipts were Rs 5.21 trillion while total expenditure was Rs 10.04 trillion, the data showed.

Fiscal deficit for 2020-21 was at 9.3 per cent of GDP, lower than 9.5 per cent estimated by the Finance Ministry in the revised Budget estimates.

The government has pegged this fiscal’s deficit at 6.8 per cent of the GDP. Improving tax collection should provide relief as experts say that the numbers can be achieved easily.