Direct Tax-GDP Ratio Grows Times Two for FY 2024-25 – Equitypandit
October 18, 2024October 18, 2024 The Indian economy is gradually recovering, and when analyzing citizens’ contributions to overall output, the direct tax-to-GDP ratio for FY24 reached 2.12, up from 1.18 in FY23. However, this figure remains below the FY22 level of 2.52. Time-series data released…