India's 2011-12 fiscal deficit widens to 5.9% of GDP

India's fiscal deficit during the 2011-12 fiscal year that ended in March was Rs 5.2 trillion, or equivalent to 5.9 per cent of India's gross domestic product, according to a Reuters calculation, government data showed on Thursday.The deficit is in line with the upwardly revised estimate provided by the government in its March Union Budget.Net tax receipts were Rs 6.42 trillion and total expenditure was Rs 13.19 trillion during the f...