India’s tax-to-GDP ratio is one of the lowest when compared with OECD countries. What are the implications of it? Also, examine the factors responsible for such a low ratio. And suggest the measures to improve it. 10 marks

Mentor’s comment- https://economictimes.indiatimes.com/budget-faqs/what-is-tax-to-gdp-ratio-where-does-india-fare-on-this-indicator/articleshow/73222499.cms https://www.financialexpress.com/opinion/why-reforming-archaic-tax-laws-is-crucial/2061143/ In the intro, explain what is tax-to-GDP ration and cite the figure of tax-to-GDP collection in … Continue reading India’s tax-to-GDP ratio is one of the lowest when compared with OECD countries. What are the implications of it? Also, examine the factors responsible for such a low ratio. And suggest the measures to improve it. 10 marks