5) What is tax-to-GDP ratio? According to the recent Economic Survey, India’s ratio of tax-to-GDP (gross domestic product) is 5.4 percentage points below that of comparable countries. What are the implications of lack of an adequate tax base for India? Analyse.

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Topic: Resource mobilization

5) What is tax-to-GDP ratio? According to the recent Economic Survey, India’s ratio of tax-to-GDP (gross domestic product) is 5.4 percentage points below that of comparable countries. What are the implications of lack of an adequate tax base for India? Analyse. (200 Words)

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