India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aim

India's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this year. The deficit narrowed significantly compared with year-earlier period. Total receipts stood at Rs 13.06 lakh crore rupees during this time. Overall expenditure also amounted to Rs 17.62 lakh lakh crore rupees.