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Business News/ Budget 2019 / News/  Budget 2019: What is India's biggest revenue source
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Budget 2019: What is India's biggest revenue source

Finance Minister Nirmala Sitharaman kept total borrowing plan unchanged at 7.1 trillion rupees
  • The budget didn’t contain any major proposals to boost spending
  • Finance minister Nirmala Sitharaman presenting the Union Budget 2019-20 in the Lok Sabha, in New Delhi on Friday. (PTI)Premium
    Finance minister Nirmala Sitharaman presenting the Union Budget 2019-20 in the Lok Sabha, in New Delhi on Friday. (PTI)

    Mumbai: Revenue from corporate tax in India will likely overtake collections from a consumption levy in the current financial year to become the top contributor to the nation’s coffers, according to the budget for the year ending March 31.

    View Full Image
    (Bloomberg)

    Finance Minister Nirmala Sitharaman kept total borrowing plan unchanged at 7.1 trillion rupees ($104 billion) from a target set in the interim budget in February. Here’s a breakdown of the government’s revenue sources and where it will deploy every rupee it earns in the year ending March 31.

    View Full Image
    (Bloomberg)

    The budget didn’t contain any major proposals to boost spending. Total expenditure, including resources of state-run companies, for the fiscal year to March is estimated at 33.2 trillion rupees, compared with 34 trillion rupees forecast in February’s interim plan.



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    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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    Published: 08 Jul 2019, 08:31 AM IST
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