The air pollution-related transport tax revenue in India is forecasted to decline gradually as a percentage of GDP from 0.25% in 2024 to 0.23% in 2028. This indicates a slight downward trend, with no variations observed year-on-year from 2024 through 2028. The compound annual growth rate (CAGR) over this five-year period highlights a small decrease, reflecting moderate fluctuations in the economy.
Future trends to watch for include:
- Potential policy changes focusing on sustainable transport.
- Increasing adoption of electric vehicles reducing dependency on fuel taxes.
- Shifts in economic factors that could affect GDP and related tax revenues.
