India Reports Steady Fiscal Performance: A Mid-Year Snapshot ...Middle East

Devdiscourse - Opinion
India Reports Steady Fiscal Performance: A Mid-Year Snapshot
source : Devdiscourse ( Middle East ) () 138
In a detailed account of India's fiscal health, the government reported a total receipt of Rs 16.37 lakh crore up to September in the 2024-25 financial year, representing 51% of the Budget Estimates (BE). Tax revenue netted to the Centre reported Rs 12.65 lakh crore, with non-tax revenue contributing Rs 3.57 lakh crore and non-debt capital receipts adding Rs 14,601 crore. A significant Rs 5.45 lakh crore was transferred to state coffers, marking a notable increase over the previous year's figures.

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