MOSL: ECOKNOWLEDGE-India not really an outlier in terms of tax-to-GDP ratio-Contrary to popular perception, GST could boost overall tax revenues
​ECOKNOWLEDGE: India not really an outlier in terms of tax-to-GDP ratio; Contrary to popular perception, GST could boost overall tax revenues for India
At first glance, India’s tax-to-GDP ratio appears lower than other economies; however, after adjusting for the level of economic development – measured by per capita income, India is not really an outlier.
While the government has been talking about the revenue-neutral characteristic of the implemented GST model, evidence from other economies makes us believe that GST could actually boost tax revenues in India.
Whether the probable increase in fiscal resources would boost economic activity is, however, questionable. Of the four possible scenarios we have built, the materialization of only one would be growth-supportive.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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