Tax Buoyancy News - Latest Updates & Headlines
India must achieve tax buoyancy of 1.2-1.5 to reach 6.5-7.0% growth: EY report
New Delhi, February 26: India has to maintain tax buoyancy between 1.2 and 1.5 in order to fulfil its Viksit Bharat vision and reach a medium-term growth trajectory of 6.5-7.0, said an Ernst & Young (EY), a multinational professional services firm.By definition, tax buoyancy refers to the responsiveness of tax revenue to the growth of a country's economy. It measures how well tax revenue increases as the economy grows.