India's fiscal deficit for April-September hits ₹7.02 lakh crore, making up 39.3% of this year's plan. This is a rise from 37.3% in the same period last year. Total receipts were ₹14.17 lakh crore, while spending was ₹21.19 lakh crore.
Revenue receipts, including tax and non-tax revenue, amounted to ₹13.97 lakh crore. Tax revenue was ₹11.60 lakh crore and non-tax revenue was ₹2.37 lakh crore.
Non-tax revenue surged due to a ₹87,416 crore surplus transfer from the Reserve Bank of India. The fiscal gap target for this year is 5.9% of GDP, down from last year's 6.4%.