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    Revenue Expenditure Growth Target

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    • Interim Budget: 'FY15 revenue target challenging; see yields at 8.6-8.9%'

      Interim Budget: 'FY15 revenue target challenging; see yields at 8.6-8.9%'

      Leif Eskesen, Chief Economist -India & ASEAN at HSBC says even the government's own underlying assumptions for nominal gross domestic product (GDP) growth is quite low - around 11-12 percent, while the nominal tax revenue growth expectations are buoyant, which will make it difficult to achieve some of the revenue targets.

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