In India, the concept of broadening tax base has emerged as a critical strategy for bolstering fiscal sustainability and promoting economic development.
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The tax-to-GDP ratio serves as a critical indicator of a nation’s fiscal health, reflecting the extent to which a government relies on taxation to fund its expenditures relative to the size of its economy.
Direct and indirect taxes constitute the two main categories of taxes in India, each with its distinctive characteristics and impact on taxpayers
Tax reforms in India have long been a focal point of economic policy discussions, aimed at enhancing efficiency, equity, and simplicity in the taxation system.
The taxation system in India is a complex framework that plays a crucial role in the country’s economic development and fiscal management.
Taxation is a powerful tool that shapes the economic landscape, influencing growth, distribution, and public welfare.
The government has implemented various short-term and medium-term measures to address inflation and enhance the availability of essential commodities.
The growth-inflation trade-off is a key concept in macroeconomics and monetary policy. Here’s a breakdown of the dynamics involved
RESIDEX, launched by the National Housing Bank (NHB), is the country’s official Housing Price Index (HPI). It was initially introduced in 2007
In the context of inflation measurement, food price indices play a crucial role. Both the Wholesale Price Index (WPI) and the Consumer Price Index (CPI)