Government today that economic growth will exceed 7.5 per cent but at the same time said that revenue collection may fall short by 50,000 crore rupees.Addressing a press conference in New Delhi, Finance secretary Ratan Watal emphasized that country's macro-fundamentals remain strong, adding that country is now better placed to handle unforeseen external shocks and to put India firmly on the path of economic recovery and inclusive prosperity.Revenue secretary Hasmukh Adhia said revenue collection, will fall short of the budgetary target by 5 to 7 per cent, mainly because of subdued growth in direct taxes. He said, the total tax revenues are likely to be around 14 lakhcrore rupees in the current fiscal, as against the budget estimate of 14.5 lakh crore rupees.Mr Adhia said, direct tax collection during April-September registered an increase of 12 per cent. Economic Affairs Secretary Shaktikanta Das said the government will continue to implement its reform agenda to realise potential growth rate of 8 per cent plus over time.Mr Das also said despite the uncertain monsoon, government's food management, including use of the price stabilisation fund to augment domestic supplies with imports, will ensure that food inflation is contained. Mr Das said, government will next month launch two gold schemes – monetisation and sovereign bond – to rein in demand for physical gold and contain its import. AIR correspondent reports, the government expects to raise 15,000 crore rupees through the gold bonds in the current fiscal.