India’s tax windfall gives PM Modi scope to spend more on welfare

Bloomberg Economics estimates the central government’s total receipts will be about 1.9 trillion rupees ($22.8 billion) above the budgeted amount in the current fiscal year that ends in March 2024. That’s equivalent to 0.6% of gross domestic product.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/india’s-tax-windfall-gives-pm-modi-scope-to-spend-morewelfare_17314121.html
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