17-January-2026
Economy News
 
ICRA estimates gross tax revenue growth at 7% in FY27
17-Jan-2026

Rating agency ICRA has projected gross tax revenues to grow by around 7% in FY27, led by a robust 11% expansion in direct taxes. This will provide critical support for fiscal consolidation, despite muted growth in indirect taxes following GST rate cuts implemented from September 2025.

News Source:- https://www.financialexpress.com/policy/economy/icra-estimates-gross-tax-revenue-growth-at-7-in-fy27/4110060/