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India needs 1.2-1.5 tax buoyancy to achieve 6.5-7% growth: EY
February 27, 2025
|Mint Bangalore
India has to maintain a tax buoyancy in the range of 1.2-1.5 to achieve a growth of 6.5-7%, an EY report said on Wednesday.
India has to maintain a tax buoyancy in the range of 1.2-1.5 to achieve a growth of 6.5-7%, an EY report said on Wednesday. The report also said that the government may need to strengthen revenue mobilization, particularly by increasing the tax-to-GDP ratio, from the estimated 12% in FY26 (budget estimate) to 14% by FY31.
India's fiscal strategy must focus on enhancing tax buoyancy, prudent expenditure management, and continued structural reforms to ensure sustainable growth, EY said.
EY India chief policy advisor D.K. Srivastava said the FY26 budget strategically balances fiscal consolidation with growth imperatives.
هذه القصة من طبعة February 27, 2025 من Mint Bangalore.
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