India's direct tax-to-GDP ratio rising on better data from demonetisation and GST

The Central government’s tax collections have been steadily growing faster than the nominal GDP for the past two-and-a-half years; and from what one learns from the Finance Ministry mandarins, this trend is a product of years of interfacing multiple data sets starting with demonetisation and continuing through GST. These mandarins say this trend of taxes growing faster than GDP may continue…