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ARTICLE · 19 FEBRUARY 2025

Union Budget 2025-26

Growth: The Economic Survey 2024-25 projected a real GDP growth for FY26 between 6.3% to 6.8%.

IndiaTax

Macro fiscal

  • Growth: The Economic Survey 2024-25 projected a real GDP growth for FY26 between 6.3% to 6.8%.
  • Revenue highlights: FY26 (BE) over FY25 (RE)
  • Gross Tax Revenue (GTR) growth budgeted at 10.8%.
  • Net tax receipts (net to centre) budgeted to grow at 11%.
  • Gross direct tax growth budgeted at 12.7%.
  • Gross indirect tax growth budgeted at 8.3%.
  • Expenditure priorities
  • The Government of India's capital expenditure has been kept at INR11.2 lakh crore for FY26 (BE) or 3.1% of GDP for infrastructure investment.
  • Allocation of INR1.5 lakh crore for long -term interest-free loans for states.
  • Revenue expenditure growth is budgeted at 6.7% in FY26 (BE).

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