ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

 EPW Research Foundation Subscribe to  EPW Research Foundation 

Macroeconomic Indicators

The budgetary position of central government for the half year ending September 2012 shows that growth in direct tax revenue was higher than a year ago – corporate tax by 12.2% against 3.4% and income tax by 24.7% against 17.3%. Growth in indirect tax revenue reflected a contrast – customs duty increased by 5% against 22.5%, excise duty by 13.7% against 13.9% and services tax by 32.5% against 37.5%. Overall tax revenue grew faster at 15% against 13.9%. The primary deficit at Rs 2.06 lakh crore already exceeded the budget estimates of Rs 1.94 lakh crore.
Back to Top