India Raises the Revenue Bar for FY27, Signals Confidence in Direct Taxes While Staying Guarded on Consumption - Kalinga TV

India has set a higher revenue ambition for FY 2026–27 , underscoring growing confidence in income growth and corporate profitability, even as policymakers remain cautious on consumption trends and borrowing pressures. The government expects total receipts of about ₹53.5 lakh crore in FY27 , a notable rise from nearly ₹49.6 lakh crore in the previous year , reflecting a more assertive fiscal stanc…