India’s population growth shrinking; burden of aged exerting very heavy toll on Kerala: Bibek Debroy
The Chairman of the Economic Advisory Council to the Prime Minister, Bibek Debroy, stated that the government is losing revenue due to the Goods and Services Tax (GST), which should ideally have a single rate and be revenue neutral. He also highlighted concerns about the high tax expectations of citizens and the need for tax reforms to eliminate exemptions. Additionally, Debroy mentioned the challenge posed by the aging population after 2035 and the need for the creation of more productive and higher-value jobs in India.