Infra output up 2.6% in April; fiscal deficit at 22.3% of budgeted target

India's infrastructure output grew 2.6% in April from a year earlier, government data showed on Friday.

Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40% of India's industrial output.

Fiscal deficit

India's fiscal deficit in April stood at 1.57 trillion rupees ($22.52 billion), or 22.3% of the budgeted target for the current fiscal year, government data showed on Friday.

Net tax receipts in the first month of the fiscal year were 716.37 billion rupees, while total expenditure was 2.55 trillion rupees, government data showed.

The government has set a fiscal deficit target of 3.4% for 2019/20, same as 2018/19.