Fiscal deficit to drop to 4.5% of GDP or 'lower' by FY26: Economic Survey 2024
The Survey says against the global trend of widening fiscal deficit and increasing debt burden, India has remained "on the course" of fiscal consolidation
tax revenue
July 2024
November 2023
January 2023
July 2022
May 2022
April 2022
February 2022
January 2022
India's 8 core sectors grow 12.1% in October
The growth rate of core industries during April-October 2023-24 stands at 8.6%
Budget 2023: Revenue Challenges Preclude Meaningful Budget Tweaks
Unless government improves its tax revenue performance, and meets its disinvestment targets, there will be a shortfall.
Fiscal deficit for Apr-June at 3.5 lakh cr; 21% of FY23 target
June fiscal deficit at ₹1.48 lakh cr. During April-March last year, fiscal deficit was ₹2,74,245 cr, 18.2% of FY22 target
GST unlikely to boost tax revenue of states: India Ratings
The data available so far does not instil confidence with respect to GST achieving or is on course to achieve its key objectives, says India Ratings & Research.
Centre's gross tax revenue up 34% to ₹27.07 lakh crore in FY22
Revenue secretary Tarun Bajaj says gross tax collections soared to a record high of ₹27.07 lakh crore in FY22.
Budget 2022: A Snapshot
Finance minister has gone for a sharp rise in capital expenditure to get the economy going while cutting down on subsidies and some social sector schemes.
Budget 2022: GST, oil drive govt revenue
Anti-evasion actions by tax authorities coupled with a digital push boosted GST collections, while high fuel taxes have added to the exchequer's revenues.
