April-October fiscal deficit at $52.7 billion

India's fiscal deficit for April to October was Rs2.45 trillion ($52.7 billion), or 61% of the full-year target, the government said in a statement on Monday.                                           

Tax receipts were Rs2.14 trillion and total expenditure was Rs5.37 trillion for the first seven months of 2009-10 fiscal year.                                           

In July, the government forecast a fiscal deficit of Rs4 trillion, or 6.8% of gross domestic product, for 2009-10.