IDEAS home Printed from https://ideas.repec.org/h/spr/isbchp/978-981-10-6217-9_13.html
   My bibliography  Save this book chapter

Fiscal Reforms for High Economic Growth: An Indian Perspective

In: Challenges and Issues in Indian Fiscal Federalism

Author

Listed:
  • Naseer Ahmed Khan

    (University of Hyderabad)

Abstract

Prior to the Liberalization of Indian economy, India’s tax regime had many problems. In terms of Direct taxes, there was a high degree of progressiveness in 1960s and 1970s that led to adverse effect on tax collection efficiency; further there was a large number of exemptions eroded the narrow tax base in the country. Then enforcement of Direct taxes led to the tax evasion. The efforts reform India’s tax system began in mid-1980s when government announced a Long-term Fiscal policy in 1985. This recognized that the fiscal position of the country is going down and there was a need to make changes in the tax system. Then the government of India appointed a tax reform committee headed by Prof Raja Chellaiah in 1991 to layout agenda for reforming India’s tax system. The committee submitted its three reports in 1991, 1992 and 1993. The report reflected the tax cuts policy and Laffer curve hypothesis. Now much more of the Indian tax system depends on the implementation of second-generation fiscal reforms.

Suggested Citation

  • Naseer Ahmed Khan, 2018. "Fiscal Reforms for High Economic Growth: An Indian Perspective," India Studies in Business and Economics, in: Naseer Ahmed Khan (ed.), Challenges and Issues in Indian Fiscal Federalism, chapter 0, pages 171-182, Springer.
    • Handle: RePEc:spr:isbchp:978-981-10-6217-9_13
    DOI: 10.1007/978-981-10-6217-9_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    H24; H30; H62;
    All these keywords.

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isbchp:978-981-10-6217-9_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.