India Fact of the Day

In India, for example, the number of taxpayers in relation to voters in the economy has been about 4-4.5% for a long time.

That is from an in-depth discussion about the Indian economy between Karthik Muralidharan and Arvind Subramanian (Chief Economic Adviser, Government of India). The reference is to income tax, of course. It’s a great discussion and the best place to begin if you want to understand the Indian economy today.