India's fiscal deficit stands at 87.9% of FY16 target

India's fiscal deficit was 4.88 trillion rupees ($71.90 billion) during April-December, or 87.9 percent of the full-year target, government data showed. The fiscal deficit stands at Rs 4.88 lakh crore as against Rs 5.32 lakh cr YoY, and which is slightly higher than the April-November data released last month which came in at Rs 4.83 lakh crore.