Given India’s need for public investment in infrastructure and social sectors, resource mobilization through taxes has to be higher. At the same time, as India competes for global investments, the tax regime should remain competitive, simple and transparent, and stable. Another aspect of the tax policy design is the balance between the direct taxes and indirect taxes. Indirect taxes are regressive in nature as the tax rates are same for both the rich and the poor. How can India raise its tax resources, in an equitable manner, without impacting its investment attractiveness?

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CII GEPS 2022 | KEY SESSION ON MOBILIZING HIGHER TAX REVENUES FOR FINANCING INDIA’S DEVELOPMENT.