Tax buoyancy lowest since Covid
The budget for 2026-27 projects a modest target for gross tax revenues of Rs 44.04 lakh crore, with a growth of 8% over the revised estimates for FY26. The tax buoyancy is expected to be below 0.8, the lowest since the pandemic. Customs duty cuts have been implemented for critical sectors, while excise duties and Central GST collections are estimated to grow at 15.56% and 6.32% respectively.