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

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.

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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.

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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.

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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