Question

The direct tax to GDP ratio in India for the year 2022-23 is:

• A. 5.23
• B. 6.78
• C. 5.97
• D. 6.11

Hint:

The direct tax to GDP ratio reflects the efficiency of the tax system and the government's ability to generate revenue.

Answer 1

The Correct Option is C

Step 1: Direct tax to GDP ratio. The direct tax to GDP ratio signifies the proportion of a nation's direct tax revenue in relation to its Gross Domestic Product. For the fiscal year 2022-23, India's direct tax to GDP ratio was recorded at 5.97%.

Step 2: Analysis of options.

• (A) 5.23: Incorrect.
• (B) 6.78: Incorrect.
• (C) 5.97: Correct. This aligns with India's direct tax to GDP ratio of 5.97% for 2022-23.
• (D) 6.11: Incorrect.

Step 3: Conclusion. Option (C) is the correct answer, reflecting India's direct tax to GDP ratio of 5.97% for the 2022-23 period.