GS3 · 15 marks · 250 words
India has been constantly suffering from low tax to GDP ratio. Discussing the reasons for a low tax to GDP ratio in India, suggest some measures to ameliorate the problem. Also, examine the benefits of healthy tax to GDP ratio.
Answered by 1 topper · CSE 2018
Syllabus: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
How toppers approached it
From the one answer · about 290 words.
Opening
- A figure1 of 1
Body
- Points and prose1 of 1
Close
- No separate close1 of 1
The toppers’ answers
More on Taxation
Direct and indirect tax, GST and its council, tax buoyancy, cesses, tax administration and evasion.
- What do you understand by Windfall tax? Do you think that windfall taxes can effectively redistribute wealth and promote greater economic equality?13 answers
- Highlighting the factors contributing to high fiscal deficit in India, discuss the potential consequences of such deficit and suggest measures to ensure fiscal consolidation.9 answers
- Fiscal policy can be a key tool to reduce income inequality as well as make the poorest and the downtrodden a part of the country's growth story. Discuss in the context of India.5 answers
- How far do you think the recent proposals to reform India's tax structure will help in improving India's tax buoyancy and base?4 answers
- Comment on the important changes with respect to the Long-Term Capital Gains (LTCG) and Securities Transaction Tax (STT) in the Union Budget 2024-25. Evaluate the impact of such changes on India's savings and investment regime.3 answers