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    HomeNewsOpinionTepid tax revenue growth raises stakes for consumption-led recovery, post festive season

    Tepid tax revenue growth raises stakes for consumption-led recovery, post festive season

    With only 2.8% tax revenue growth in H1, the government’s fiscal roadmap hinges on a strong consumption rebound fuelled by GST cuts and lower rates—any shortfall risks spending cuts and a tighter FY27 budget

    Manas Chakravarty
    November 03, 2025 / 09:19 IST
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