https://www.taxtmi.com/news?id=66706 The First Advance Estimates project real GDP growth of 7.4% in FY26 and inform Union Budget preparation; policy measures cited as underpinning this include GST rationalisation, income tax relief, implemented labour reforms, and accommodative monetary settings. Sectoral GVA gains are led by services and manufacturing, with moderated agricultural growth. Nominal GDP is estimated to rise 8.0%, affecting revenue expectations and fiscal space through non-tax receipts and potential expenditure savings that together influence fiscal deficit management and budgetary calibration. en-us Wed, 07 Jan 2026 19:31:03 +0530 Wed, 07 Jan 2026 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66706 The First Advance Estimates project real GDP growth of 7.4% in FY26 and inform Union Budget preparation; policy measures cited as underpinning this include GST rationalisation, income tax relief, implemented labour reforms, and accommodative monetary settings. Sectoral GVA gains are led by services and manufacturing, with moderated agricultural growth. Nominal GDP is estimated to rise 8.0%, affecting revenue expectations and fiscal space through non-tax receipts and potential expenditure savings that together influence fiscal deficit management and budgetary calibration. News - Wed, 07 Jan 2026 19:31:03 +0530 https://www.taxtmi.com/news?id=66706