Myth or fact: Panellists debate if India's tax base is too narrow

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While economist Surjit Bhalla believes it’s a myth, Arbind Modi, who chaired the Direct Tax Code panel, believes it’s a fact.

He said that the Investment to GDP ratio of 29-30 per cent is being measured in nominal terms.

In contrast, the real investment ratio is 34-36 per cent, which is comparable to the peak of 2004-2011,” he added.

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Category: BusinessFinance

Markets: India

Topics: Central Board of Direct Taxes Centre for Social and Economic Progress Direct Tax Indian economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 21:40:19 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21887653

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