‘India needs 1.2-1.5 tax buoyancy for 7% growth’ – The Times of India
NEW DELHI: India has to maintain a tax buoyancy in the range of 1.2-1.5 to achieve a growth of 6.5-7%, a EY report said on Wednesday.The report also said that the govt may need to strengthen revenue mobilisation, particularly by increasing the tax-to-GDP ratio from the estimated 12% in FY26 (Budget Estimates) to 14% by…