Monday, July 14, 2025

Creating liberating content

Top stocks to buy (AI image) Stock market recommendations: According

Related News

Gold price prediction: Focus this week will be on inflation data from major economies and US PPI, retail sales and industrial production. (AI image) Gold price prediction today: US President

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting July 14, 2025) are Suzlon, and

Olympic bronze medalist and former world no. 1 badminton player Saina Nehwal has confirmed her separation from her husband and fellow shuttler Parupalli Kashyap after their seven-year-long marriage. The news

Around the world In 26 million years: Evolution Of Eurema species is as breathtaking as the butterflies They flutter past us with the quiet confidence of global citizens, their lemon-hued

Bitcoin surged past the $120,000 mark for the first time on Monday, setting a new record as optimism grows over potential regulatory clarity in the US.Bitcoin reached a new all-time

Curry leaves and coconut oil are a perfect combo for hair growth. It is a powerful tool that can help to promote hair growth, reduce hair fall, and add shine

Trending News

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting July 14, 2025) are Suzlon, and

Bitcoin surged past the $120,000 mark for the first time on Monday, setting a new record as optimism grows over potential regulatory clarity in the US.Bitcoin reached a new all-time

Market experts indicate that ongoing uncertainty in trade talks could maintain markets in a consolidative phase. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices,

NEW DELHI: In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts

NEW DELHI: Drug major Cipla is preparing to foray into the weight management segment in India, its MD and global CEO Umang Vohra said in the company’s annual report for

SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence startup races

‘India needs 1.2-1.5 tax buoyancy for 7% growth’

Word Count: 582 | Estimated Reading Time: 3 minutes


'India needs 1.2-1.5 tax buoyancy for 7% growth'

NEW DELHI: India has to maintain a tax buoyancy in the range of 1.2-1.5 to achieve a growth of 6.5-7%, a EY report said on Wednesday.
The report also said that the govt may need to strengthen revenue mobilisation, particularly by increasing the tax-to-GDP ratio from the estimated 12% in FY26 (Budget Estimates) to 14% by FY31.
India’s fiscal strategy must focus on enhancing tax buoyancy, prudent expenditure management, and continued structural reforms to ensure sustainable growth, EY said. “EY India chief policy advisor D K Srivastava said the FY26 budget strategically balances fiscal consolidation with growth imperatives.
“For India to achieve a medium-term growth trajectory of 6.5-7% and realise its Viksit Bharat vision, it must ensure tax buoyancy remains in the 1.2-1.5 range. This would help create necessary fiscal room to accelerate infrastructure expansion, enhance social sector spending, and maintain fiscal discipline,” Srivastava added.
The EY India Economy Watch report noted that over the past three years, gross tax revenue buoyancy has gently moderated, from 1.4 in FY24 to 1.15 in FY25 (RE) and projected to be 11 in FY26(BE). “Maintaining tax buoyancy in the 1.2-1.5 range could help the Govt of India achieve 6.5-7% GDP growth,” the EY Report said.
Indian economy is projected to grow in range of 6.3-6.8% in next fiscal. In current fiscal, the GDP growth is estimated to be 6.4%. EY report further said over the past decade, the govt has reduced its fiscal deficit to GDP ratio from 4.1% in FY15 to 3.4% in FY19, with the ratio expected to adjust to 4.4% by FY26. agencies





Source link

Sign In

Welcome ! Log into Your Account