{
  "id": 5878782,
  "title": "Direct tax buoyancy above one for third financial year",
  "url": "https://urgent.news/2026/09/06/direct-tax-buoyancy-above-one-for-third-financial-year",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-06T01:25:27.000Z",
  "source": {
    "name": "Hindustan Times",
    "slug": "hindustan-times",
    "url": "https://www.hindustantimes.com/india-news/direct-tax-buoyancy-above-one-for-third-financial-year-101788657661374.html"
  },
  "original_language": "en",
  "account": "In the 2024-25 fiscal year, direct tax buoyancy in India remained above one for the third consecutive year, reaching 1.39, according to government data presented to a parliamentary committee. This metric indicates that direct tax collections grew faster than nominal GDP. Direct tax buoyancy is calculated by comparing the growth in tax revenues to the growth in GDP, and a value greater than one signifies that tax revenue is expanding at a faster pace than the overall economy.",
  "summary": "India’s direct tax buoyancy stood at 1.39 in 2024-25, remaining above one for the third straight year as tax collections grew faster than nominal GDP.",
  "key_points": [
    "Direct tax buoyancy in India above one for third year",
    "Reached 1.39 in 2024-25 fiscal year",
    "Tax revenue grows faster than GDP"
  ],
  "editors_take": "Direct tax buoyancy above one for three consecutive years indicates that tax revenues are consistently growing at a faster pace than India's overall economy.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}