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India targets a 14% tax-to-GDP ratio by 2031 to spur economic growth and fiscal stability.
A recent EY report states that India needs a tax buoyancy of 1.2-1.5 to achieve a 6.5-7% growth rate.
The government must boost the tax-to-GDP ratio from 12% in FY26 to 14% by FY31.
This fiscal strategy aims to enhance tax buoyancy, manage spending wisely, and drive structural reforms for sustainable growth, supporting infrastructure and social spending while maintaining fiscal discipline.
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La India tiene como objetivo una relación impuesto-PIB del 14% para 2031 para estimular el crecimiento económico y la estabilidad fiscal.