EP 57 - Tax and inflation in India

In the current Indian economy, taxes and inflation are central to the nation's fiscal health. The government's efforts to increase tax compliance through initiatives like the Goods and Services Tax (GST) have helped streamline the taxation system, although challenges remain in ensuring broader tax collection. Inflation, on the other hand, has been a growing concern, particularly in food and fuel prices. The Reserve Bank of India (RBI) has adopted a tightening monetary policy to control inflation, raising interest rates to curb demand. However, inflationary pressures continue to impact the cost of living, eroding purchasing power. While tax reforms are essential for boosting revenues, managing inflation is critical to sustaining economic growth and ensuring price stability for consumers across India.

Listen to in the new episode of Modern Nari on tantrums of taxation and high inflation rate.

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