GyanGramConsider the following statements : 1. Tax revenue as a percent of GDP of India has steadily increased in the…
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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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• Correct Answer: D
• Tax revenue as a percentage of GDP has fluctuated significantly (e.g., 10.8% in 2015 to 6.73% in 2022), not steadily increased.
• Fiscal deficit has been on a consolidation path (targeted at 4.3% for 2026-27), not steadily increasing.
• Both statements are factually incorrect.
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