Journal of Management Research and Analysis
Official Publication of Innovative Education and Scientific Research Foundation
Official Publication of Innovative Education and Scientific Research Foundation
Print ISSN: 2394-2762
Online ISSN: 2394-2770
CODEN : JMRABX
Journal of Management Research and Analysis (JMRA) open access, peer-reviewed quarterly journal publishing since 2014 and is published under auspices of the Innovative Education and Scientific Research Foundation (IESRF), aim to uplift researchers, scholars, academicians, and professionals in all academic and scientific disciplines. IESRF is dedicated to the transfer of technology and research by publishing scientific journals, research content, providing professional’s membership, and conducting conferences, seminars, and award programs. With more...Original Article
Author Details :
Volume : 7, Issue : 4, Year : 2020
Article Page : 172-182
https://doi.org/10.18231/j.jmra.2020.040
Abstract
Public revenue is a major component of budget shows the manner in which revenue is collected during a financial year by government to boost economic growth. The success of government plan for the growth and development of a country depends on the source and size of public revenue. In India Public revenue acts as government’s most important economic and fiscal policy tool in controlling money supply and maintaining general price level. It is not only important for the corporate but for individuals from all sections of the society as they look forward to tax exemptions and reliefs. Even though India ranks third in purchasing power parity, only a few percentages of population pay income tax. The government's effort to widen the tax base has resulted in an 80 percent jump in number of IT returns filed. The analysis revealed that Public Revenue and macroeconomic indicators are significantly interlinked and correlated. Tax buoyancy is an indicator to measure efficiency to growth in GDP and Gross tax buoyancy coefficient remained fluctuating during the period 1990-91 to 2016-17.
Keywords: Budget, Revenue, Capital, Tax, GDP, Trend, Effect
How to cite : Devasia M D, Karunakaran N , Public revenue in India: Trend and effect. J Manag Res Anal 2020;7(4):172-182
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