Bengaluru, Nov. 3 -- India must urgently rethink its taxation framework to tackle widening inequality, former Planning Commission Deputy Chairman Montek Singh Ahluwalia said today, calling for progressive tax reform and institutional decentralisation to create a more equitable and accountable system of governance.
Speaking at the Nobel Prize Dialogue India 2025, organised by Tata Trusts and Nobel Prize Outreach, Ahluwalia argued that India's policymakers have consistently failed to use taxation as an instrument of social justice.
"If we are serious about tackling inequality, we must ask hard questions about taxation. India's tax system is riddled with exemptions. Every finance minister raises the exemption threshold, but few talk about pr...