Indian government struggles to meet FY27 direct tax target ₹26.97L/cr
NewsBytes | May 5, 2026 8:40 PM CST
FY27 deficit may reach 4.5%-4.6% GDP
Because tax revenues are lagging, the fiscal deficit could reach 4.5% to 4.6% of GDP in FY27 instead of the planned 4.3%.
Slower company profits, weaker wage growth, and new tax exemptions are making it harder to boost collections.
On top of that, high interest payments (about 40% of revenue) and rising expenses are squeezing the government's budget even more, making financial management trickier for now.
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