India wt/tpr/G/249 Page


MOVING AHEAD ON REFORMS Fiscal Reforms



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MOVING AHEAD ON REFORMS

  1. Fiscal Reforms


              1. Over the last few years, tax reforms in India have aimed at enhancing the efficiency and equity of the tax system by rationalizing and simplifying the tax structure, maintaining moderate levels of taxation, improving administrative compliance and expanding the tax base. These reforms have been implemented through a gradual and sequenced reduction in the rates of both customs and excise duties. As a result of successful tax reforms and increase in the levels of income in India, there has been a gradual shift in the composition with an increase in the share of direct taxes in total tax revenue from 36.2% in 2000‑01 to 58.6% in 2009‑10.25


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