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India's tax revenue growth slowed to 3.3% in first eight months of FY2025-26, missing its 12.5% target.
India's central government tax collections grew just 3.3% year-on-year in the first eight months of FY2025-26, well below the 12.5% target, due to weak direct and indirect tax performance.
Corporate tax rose 7.8%, income tax 6.8%, and GST fell 2.0% amid structural changes.
CareEdge Ratings projects recovery in FY2026-27, with gross tax revenue expected to reach Rs 43.5 trillion, up 9.6%, driven by stronger direct and indirect tax growth, and improved tax buoyancy.
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El crecimiento de los ingresos fiscales de la India se desaceleró a 3,3% en los primeros ocho meses del año fiscal 2025-26, perdiendo su objetivo del 12,5%.