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Economy

Markets must anchor expectations from the government and RBI

Updated : May 27, 2019 07:15 AM IST

Tax revenues for FY19 have probably fallen far short of the revised estimate of a 19.5 percent rise.
If the tax revenue shortfall in FY19 is closer to Rs 1 lakh crore, which is not inconceivable, the asking rate of tax growth this year rises to 22 percent. 
Besides these, any scope of hiding fiscal expenditure in public sector units is fast running out.
Markets must anchor expectations from the government and RBI
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