Budget 2026: India’s Gross Tax Revenue To Improve 9.6%, Capex To Grow 10%
Though GST rate rationalisation is expected to weigh on collections, GST revenues are likely to show signs of improvement. Non‑tax collections have been healthy this fiscal year aided by a higher Reserve Bank of India dividend, with non‑tax revenues up 20.9 per cent during the first eight months of FY26.
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