India's FY24 fiscal deficit seen slightly better than projected: Source

India's fiscal deficit for the year ending March 2024 is anticipated to surpass the government's estimate of 17.35 trillion rupees, with increased tax revenues contributing to the improvement. The income tax receipts surged by 17.7% year-on-year to nearly $235 billion, exceeding projections. The government aims for a fiscal deficit of 5.8% of GDP for the year, with further details expected upon the release of fiscal data on May 31.
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