Low tax to GDP ratio in India
Jan 25,2017 , 12:08 AM IST | Hans
India’s tax-to-GDP ratio is at 16.6% is well below the emerging market economies (EME) and OECD averages of about 21% and 34% respectively. Taxation is the key to long run political and economic development. According to recent economic survey, it said India needs to increase its tax-GDP ratio, and spend more on health and education.