Current Affairs - Economy - Discussion

India’s net direct tax collections recorded an increase of 8% during FY26 up to 17 December 2025, indicating steady revenue growth for the government. This 8% rise was driven primarily by strong corporate tax collections and a significant reduction in tax refunds, which helped raise net receipts. Improved compliance, better advance tax payments, and stable business activity also played an important role. The 8% growth reflects the positive impact of tax administration reforms and economic resilience, supporting fiscal stability and providing the government with greater capacity to fund public expenditure and development initiatives.