ICRA Ratings does not expect a material fiscal slippage over the fiscal deficit of 4.4 per cent of GDP as estimated in India’s FY26 budget.
Given the steep required growth of 22 per cent in November-March FY26, gross tax revenues may undershoot the budget estimates by nearly ₹1.2-1.5 trillion, it said.
It is apprehensive that GTR will undershoot the budgeted target of ₹42.7 trillion by ₹1.2-1.5 trillion.
Given the steep required growth of 22 per cent in November-March FY26, gross tax revenues may undershoot the budget estimates by nearly ₹1.2-1.5 trillion, it said.
It is apprehensive that GTR will undershoot the budgeted target of ₹42.7 trillion by ₹1.2-1.5 trillion.
