India's April-Oct fiscal deficit touches 74% of full-year target

India's fiscal deficit reached Rs 4.11 lakh crore ($61.67 billion) during April-October or 74% of the full-year target, government data showed on Monday.

The deficit was 89.6% of the full-year target during the same period a year ago.

Net tax receipts were Rs 4.29 lakh crore ($64.37 billion)in the first seven months of the fiscal year that ends in March 2016, while total spending touched Rs 10.22 lakh crore.