- The Tax-GDP ratio is the total tax revenue (from both direct and indirect taxes, collected by the central and state governments) as a percentage of the Gross Domestic Product (GDP). - This ratio is an indicator of the government's fiscal capacity and the level of tax compliance in the economy. - For the financial year 2008-09, the estimated Tax-GDP
Tax-GDP ratio in India in 2008-09 was estimated at
Asked in UPPSC Upper Mains 2009 · Topic: Fiscal Policy & Revenue (Taxation System in India: Direct, Indirect taxes, and Tax Reforms (including GST))
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