Hindu Business Line: “Low tax-GDP ratio daunts India’s quest to join developed world”

India is keen on joining the league of developed countries by 2020 as per the stated objective of the Government a couple of years ago. But with targets of the gross tax/GDP ratio (combined Centre and States) not reaching the 17 per cent the country had in the past, the latest picture from OECD on the tax front highlights the Herculean task ahead for the Indian tax authorities to push up the ratio.