What was the Tax-GDP ratio in the financial year 2021-22 in India?
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Correct Answer: Option A
Detailed Explanation:
India's Tax-GDP ratio for FY 2021-22 stood at 11.7%, reflecting improved tax collection post-pandemic. Direct taxes contributed 6.1% and indirect taxes contributed 5.6% to GDP.
The total tax revenue was estimated at ₹22.17 lakh crore in Union Budget 2021-22, marking a significant recovery in fiscal health.
Therefore, the Tax-GDP ratio was 11.7%, making Option 1 the correct answer.
Question 1 of 1 Inflation & GDP
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