The ministry stated that the government received Rs 3,19,036 crore from Tax Revenue (Net to Centre), Rs 2,51,722 crore from Non-Tax Revenue, and Rs 2,087 crore from Non-Debt Capital Receipts
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According to the data released by by the Union Ministry of Finance, Net Direct Tax collections for FY 2024-25 have also seen significant growth, registering a 20.99 per cent increase to Rs. 4,62,664 crore
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The forthcoming full-fledged Budget, likely to be presented in the second fortnight of July, is widely anticipated to outline the economic vision of the Modi-led Government for the next five years
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The Ministry of Finance monthly review says that the approach of western economies involves diversifying supply chains to reduce dependence on China by incorporating other countries
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Fixed investment is gathering pace on the back of the focus of the government on capital spending and the resultant crowing in of private investment
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"The optimism regarding growth prospects is also reflected in consumer and investor perceptions," according to the Monthly Economic Review report of the Department of Economic Affairs under the Finance Ministry
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On inflation, it said the government's efforts in managing retail inflation in 2023-2024 have been highly successful.
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