India's tax-to-GDP ratio mirrors major economies as structural reforms drive revenue convergence: Report
A report from Bank of Baroda highlights that this gap represents a significant policy opportunity, as India possesses larger potential due to favourable demographics. The report notes that more efforts are being directed towards holistic tax reforms, including simplification, rationalisation, and digitisation, with signs of an improving tax-to-GDP ratio in the near term.
A report from Bank of Baroda highlights that this gap represents a significant policy opportunity, as India possesses larger potential due to favourable demographics. The report notes that more efforts are being directed towards holistic tax reforms, including simplification, rationalisation, and digitisation, with signs of an improving tax-to-GDP ratio in the near term.
