Hike in tobacco taxation will help achieve PM Modi's $5 trillion vision: Experts2 min read . Updated: 02 Jan 2023, 05:25 PM IST
The economists strongly suggested that increasing inflation, which has put the country's budget under pressure, and urgent need of fresh cash can be met by levying taxes on demerit products like tobacco.
A substantial hike in tax on all tobacco items and stronger laws will not only bring the best out of human capital by ensuring better health of citizens, but also help in achieving Prime Minister Narendra Modi's vision of a five trillion dollar economy by 2025, experts have asserted.
Select your Category