Consider the following statements: 1. Tax revenue as a percent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade. Which of the statements given above is/are correct?

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CollectorBabu · Accepted Answer

Correct Answer: Neither 1 nor 2. ● Tax revenue as a percent of GDP of India had fallen after the sub-prime crisis (2007-2010). Hence, the first statement is wrong. ● Fiscal deficit as a percent of GDP of India has been declining from 2011 to 2016. Hence, the second statement is wrong too.   [Source: Economic Survey 2014-15]

Consider the following statements: 1. Tax revenue as a percent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade. Which of the statements given above is/are correct?

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