
Budget 2026 Outlook: FY27 Tax Revenue Growth, Strong Capex Push And Stable Fiscal Deficit To Support Economy
India’s gross tax revenue is projected to rise 9.6% in FY27, slightly below nominal GDP growth of 10.1%, CareEdge Ratings said. Government capex is expected to increase 10% to Rs 12.3 trillion, while the fiscal deficit may be budgeted at 4.2–4.3%. Direct tax recovery and higher RBI dividends are seen supporting revenues.









