💨 Abstract

The ICICI Bank report predicts a 8.3% increase in indirect tax collection in FY26, driven by higher GST revenue due to strong urban consumption. Corporate tax collections are also expected to grow at a faster pace. Overall government spending is projected to grow by 7.4% in FY26 to support economic growth. Capital expenditure is expected to grow by 10.1% for infrastructure development, with increased spending on housing and defense.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖