In 2017, general government revenue for India was 34,376 billion LCU. Between 1998 and 2017, general government revenue of India grew substantially from 2,887 to 34,376 billion LCU rising at an increasing annual rate that reached a maximum of 25.39 % in 2007 and then decreased to 11.04 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government's net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of non-financial and financial assets or incurrence of liabilities.