Mumbai, Dec. 3 -- Union Finance Minister Nirmala Sitharaman while addressing the 18th plenary meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes emphasised that for India, transparency touches upon the deeper principle that economic governance must rest on fairness and responsibility, and noted that transparency is not merely a compliance tool but a foundation for sustainable development, observing that when national wealth escapes legitimate taxation, it creates both a revenue and a development gap. Sitharaman stressed that voluntary compliance has improved in India not just through enforcement, but through clarity, simplification, and a consistent effort to build trust. While acknowledging the poten...