Tax collections are partly dependent on the nominal GDP number, it comes into the denominator. So that is a matter of concern and that is something I would focus on in looking at the Budget numbers tomorrow.
ETMarkets Smart Talk | Maturing AI trade could redirect global capital towards diversified growth markets like India: Ritesh Taksali
Taksali points out that FPIs invested around ₹20,000 crore in Indian equities in July, followed by another ₹12,921 crore in the first week of August.