India's tax-to-GDP ratio and tax buoyancy

India's tax-to-GDP ratio and tax buoyancy: 6 lines from the India — Tax Collections snapshot, FY 2015-16 – FY 2025-26. Latest 2011-12 GDP base: 0.91× in FY 2022-23 (verified), from Economic Survey 2025-26, Statistical Appendix, Tables 1.6 and 1.7 (2011-12 series).

2 charts · 6 lines · Annual · FY 2015-16 – FY 2025-26 · snapshot india-tax-0d8d5d362368f82c · published 20 Oct 2026

Gross central taxes, and the Centre and the States together, as a share of nominal GDP on each GDP base, and the buoyancy of central taxes on the same bases. The bases are never joined. Buoyancy above one means taxes grew faster than the economy.

Tax buoyancy

Includes provisional data
Lines

times

FY 2016-17 2011-12 GDP base: 1.52× 2022-23 GDP base: not publishedFY 2017-18 2011-12 GDP base: 1.07× 2022-23 GDP base: not publishedFY 2018-19 2011-12 GDP base: 0.79× 2022-23 GDP base: not publishedFY 2019-20 2011-12 GDP base: −0.53× 2022-23 GDP base: not publishedFY 2021-22 2011-12 GDP base: 1.78× 2022-23 GDP base: not publishedFY 2022-23 2011-12 GDP base: 0.91× 2022-23 GDP base: not publishedFY 2023-24 2011-12 GDP base: not published 2022-23 GDP base: 1.23×FY 2024-25 2011-12 GDP base: not published 2022-23 GDP base: 0.98×FY 2025-26 2011-12 GDP base: not published 2022-23 GDP base: 0.68×

Tax as a share of GDP

Includes estimates
Lines

% of GDP

FY 2015-16 Centre (2011-12 base): 10.57% Centre (2022-23 base): not published Centre and States (2011-12 base): 16.68% Centre and States (2022-23 base): not publishedFY 2016-17 Centre (2011-12 base): 11.15% Centre (2022-23 base): not published Centre and States (2011-12 base): 17.04% Centre and States (2022-23 base): not publishedFY 2017-18 Centre (2011-12 base): 11.23% Centre (2022-23 base): not published Centre and States (2011-12 base): 17.43% Centre and States (2022-23 base): not publishedFY 2018-19 Centre (2011-12 base): 11.01% Centre (2022-23 base): not published Centre and States (2011-12 base): 17.35% Centre and States (2022-23 base): not publishedFY 2019-20 Centre (2011-12 base): 10.00% Centre (2022-23 base): not published Centre and States (2011-12 base): 16.07% Centre and States (2022-23 base): not publishedFY 2020-21 Centre (2011-12 base): 10.21% Centre (2022-23 base): not published Centre and States (2011-12 base): 16.08% Centre and States (2022-23 base): not publishedFY 2021-22 Centre (2011-12 base): 11.48% Centre (2022-23 base): not published Centre and States (2011-12 base): 17.63% Centre and States (2022-23 base): not publishedFY 2022-23 Centre (2011-12 base): 11.36% Centre (2022-23 base): 11.69% Centre and States (2011-12 base): 17.88% Centre and States (2022-23 base): 18.41%FY 2023-24 Centre (2011-12 base): 11.50% Centre (2022-23 base): 11.96% Centre and States (2011-12 base): 17.95% Centre and States (2022-23 base): 18.66%FY 2024-25 Centre (2011-12 base): 11.48% Centre (2022-23 base): 11.94% Centre and States (2011-12 base): 18.39% Centre and States (2022-23 base): 19.12%FY 2025-26 Centre (2011-12 base): not published Centre (2022-23 base): 11.62% Centre and States (2011-12 base): not published Centre and States (2022-23 base): not published

Research that uses this series

  • India consumer payments and pricesHousehold spending benchmark: private final consumption expenditure at current prices (national accounts) and gross GST collections, by fiscal year.
  • India's budget gap and the current accountThe tax take: Centre gross tax and Centre-and-States tax as a share of GDP, gross-tax buoyancy, and monthly GST. The GDP base is the tax topic's own base for that year.

Open the full topic: India — Tax Collections →