Budget 2026 sees reliance on non-tax revenues amid slowing tax growth
after close1 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 in 8MFY26, the lowest since FY21, according to Ambit Capital. The report cites weaker formal-sector activity and muted corporate profitability as key factors. Despite this, the government is on track to meet its 4.4% fiscal deficit target for FY26.
Not investment advice. For informational purposes only.