FY26 fiscal targets: Meeting estimates might be difficult; UBI report flags weak tax growth
FY26 fiscal targets: Meeting estimates might be difficult; UBI report flags weak tax growth
India's FY26 fiscal targets face challenges as corporate and income tax collections lag behind expectations. Despite a robust capital expenditure push, the government's reliance on strong tax revenues is being tested. While non-tax revenues, boosted by RBI dividends, offer support, softer direct tax collections and potential GST rate reductions could impact the fiscal deficit goal.
India's FY26 fiscal targets face challenges as corporate and income tax collections lag behind expectations. Despite a robust capital expenditure push, the government's reliance on strong tax revenues is being tested. While non-tax revenues, boosted by RBI dividends, offer support, softer direct tax collections and potential GST rate reductions could impact the fiscal deficit goal.
India's FY26 fiscal targets face challenges as corporate and income tax collections lag behind expectations. Despite a robust capital expenditure push, the government's reliance on strong tax revenues is being tested. While non-tax revenues, boosted by RBI dividends, offer support, softer direct tax collections and potential GST rate reductions could impact the fiscal deficit goal. 
