This chart shows the estimated distribution of the Union Government's gross tax revenue across major categories for the fiscal year 2025-26, highlighting the significant contribution of GST.
This chart tracks India's fiscal deficit as a percentage of GDP, showing the trajectory from FY 2020-21 to the targeted figure for FY 2025-26, reflecting the government's commitment to fiscal consolidation.
This chart shows the estimated distribution of the Union Government's gross tax revenue across major categories for the fiscal year 2025-26, highlighting the significant contribution of GST.
This chart tracks India's fiscal deficit as a percentage of GDP, showing the trajectory from FY 2020-21 to the targeted figure for FY 2025-26, reflecting the government's commitment to fiscal consolidation.
Sources of Government Revenue: Primarily categorized into Tax Revenue (Direct Taxes like Income Tax, Corporate Tax; Indirect Taxes like GST, Customs Duty) and Non-Tax Revenue (interest receipts, dividends from Public Sector Undertakings (PSUs), fees, penalties, external grants, spectrum charges).
Also includes Capital Receipts such as disinvestment proceeds, recovery of loans, and market borrowings, which are not recurring in nature.
Crucial for funding public expenditure on essential services (e.g., healthcare, education, defense), infrastructure development, and social welfare schemes.
The level and growth of government revenue directly impact the fiscal deficit the difference between total expenditure and total revenue excluding borrowings and the overall public debt.
High and stable revenue growth is indicative of a healthy economy and efficient tax administration, providing resources for sustainable development.
Tax buoyancy the responsiveness of tax revenue growth to changes in GDP growth is a key indicator of the effectiveness of the tax system.
Managed through fiscal policy, which involves decisions on taxation and government spending to influence the economy.
Robust revenue collection helps in maintaining a favorable credit rating for the country, which affects borrowing costs.
Sources of Government Revenue: Primarily categorized into Tax Revenue (Direct Taxes like Income Tax, Corporate Tax; Indirect Taxes like GST, Customs Duty) and Non-Tax Revenue (interest receipts, dividends from Public Sector Undertakings (PSUs), fees, penalties, external grants, spectrum charges).
Also includes Capital Receipts such as disinvestment proceeds, recovery of loans, and market borrowings, which are not recurring in nature.
Crucial for funding public expenditure on essential services (e.g., healthcare, education, defense), infrastructure development, and social welfare schemes.
The level and growth of government revenue directly impact the fiscal deficit the difference between total expenditure and total revenue excluding borrowings and the overall public debt.
High and stable revenue growth is indicative of a healthy economy and efficient tax administration, providing resources for sustainable development.
Tax buoyancy the responsiveness of tax revenue growth to changes in GDP growth is a key indicator of the effectiveness of the tax system.
Managed through fiscal policy, which involves decisions on taxation and government spending to influence the economy.
Robust revenue collection helps in maintaining a favorable credit rating for the country, which affects borrowing costs.
