Budget 2026: Government shifts focus to non-tax revenues
pre-market1 source ↓written by the desknot a recommendation
- for FY26
- 4.4% fiscal deficit target
India's high tax revenue growth phase is ending, with gross tax growth at 4% YoY for FY26, the lowest since FY21, according to Ambit Capital. Factors such as slower formal-sector hiring and muted corporate profitability are compressing tax buoyancy. Despite this, the government is on track to meet its 4.4% fiscal deficit target for FY26.
Not investment advice. For informational purposes only.