rbulsara, I must disagree with your posts.
The ratio is 20125:115V, which is 175:1. It doesn't matter how the VT is connected. The rated primary voltage is 20125V and the rated secondary voltage is 115 kV...as it's written.
Also, because the rating lists "GY" it means it's a single-bushing unit meant for line to ground connection only.
You're correct that 34500/sqrt3 is not 20125, but that doesn't mean the ratio is not still 175:1, but rather means that the secondary voltage is not exactly 115V when the system voltage is 34500V.