India Sees Growth Imperiled With Rising Tax Evasion

India Sees Growth Imperiled With Rising Tax Evasion

Keith Bedford/Bloomberg

A woman walks near the Ministry of Finance in New Delhi, India. In a country where the per capita income is 50,000 rupees and the income tax exemption limit is 180,000 rupees, only 3 percent of India’s 1.2 billion population pays tax, according to the finance ministry.