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Rising tax revenue keeps us on track to becoming $5 tn economy: Govt
short by Ashley Paul / on Thursday, 14 April, 2022
The Finance Ministry on Thursday said the government's focus on capital expenditure will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a $5 trillion economy. Tax revenues in FY22 witnessed a 33.5% rise to ₹27.07 lakh crore. The Ministry added that the government has managed to keep nominal GDP growth above 10% in recent years.
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