In India, the concept of broadening tax base has emerged as a critical strategy for bolstering fiscal sustainability and promoting economic development.
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.
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.
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)