Shravan Shetty, Managing Director, Primus Partners, shares his view on the government's focus on increasing revenue receipts to balance expenditure and reduce the deficit as a percentage of GDP. He highlights the growth in indirect tax collection driven by the GST implementation and formalisation of industry. However, recent stabilisation in collections suggests limited scope for growth. He emphasizes the need to enhance the direct tax system by encouraging adoption of the new tax structure and improving compliance. With only 10.4 crore taxpayers, less than 10% of India’s population, there is significant potential to expand the tax base and increase direct tax revenue.