Consider the following statements : 1. Tax revenue as a percent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade. Which of the statements given above is/are correct ?
a
1 only
b
2 only
c
Both 1 and 2
d
Neither 1 nor 2
Public FinanceGovernment Budgeting & Fiscal IndicatorsTax revenueGDPFiscal deficitlast decadeIndiaeconomic trends