India's tax-to-GDP ratio mirrors major economies as structural reforms drive revenue convergence: Report

New Delhi [India], January 24 (ANI): India's combined tax-to-GDP ratio, accounting for both central and state collections, currently stands at 19.6 per cent, positioning the country at par with several major global economies. While the central gross tax revenue remains lower at 11.7 per cent, the integrated figure exceeds those of other emerging markets such as Hong Kong, Malaysia, and Indonesia.

However, the rat