IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/34696.html
   My bibliography  Save this paper

India’s Revenue Deficit: A Challenge Ahead

Author

Listed:
  • Sivakumar, Marimuthu
  • Venkatesh, K
  • Ayyasamy, M

Abstract

A developing country like India needs revenue surplus for the capital investment at the same time to pursue the economic development through demand expansion it needs expenditure especially in the social sectors such as health, education etc,. The recent global economic crisis also compels India to induce the expenditure for sustainability of the growth that it has achieved recently. This also needs enormous expenditure. On the other hand, current expenditure over current revenue of an economy makes revenue deficit. India’s Thirteenth Finance Commission’s one of the recommendation is that revenue deficit (as % of GDP) of the Centre needs to be progressively reduced and eliminated, followed by emergence of a revenue surplus by 2014-15 and a long term and permanent target for the Central Government should be to maintain, at the minimum, a zero revenue deficit. In the light of the above recommendation analyzing revenue deficit is imperative at this hour.

Suggested Citation

  • Sivakumar, Marimuthu & Venkatesh, K & Ayyasamy, M, 2001. "India’s Revenue Deficit: A Challenge Ahead," MPRA Paper 34696, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:34696
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/34696/1/MPRA_paper_34696.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Goyal, Ashima, 1999. "The Political Economy of the Revenue Deficit," MPRA Paper 29980, University Library of Munich, Germany.
    2. S. Narayan, 2009. "India," Chapters, in: Peter Draper & Philip Alves & Razeen Sally (ed.), The Political Economy of Trade Reform in Emerging Markets, chapter 7, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Azoumah, Y. & Yamegueu, D. & Ginies, P. & Coulibaly, Y. & Girard, P., 2011. "Sustainable electricity generation for rural and peri-urban populations of sub-Saharan Africa: The "flexy-energy" concept," Energy Policy, Elsevier, vol. 39(1), pages 131-141, January.
    2. Findlater, K.M. & Kandlikar, M., 2011. "Land use and second-generation biofuel feedstocks: The unconsidered impacts of Jatropha biodiesel in Rajasthan, India," Energy Policy, Elsevier, vol. 39(6), pages 3404-3413, June.
    3. Elizabeth Kaletski & Nishith Prakash, 2017. "Can Elected Minority Representatives Affect Health Worker Visits? Evidence from India," Review of Development Economics, Wiley Blackwell, vol. 21(1), pages 67-102, February.
    4. Mitrut, Andreea & Wolff, François-Charles, 2011. "The impact of legalized abortion on child health outcomes and abandonment. Evidence from Romania," Journal of Health Economics, Elsevier, vol. 30(6), pages 1219-1231.
    5. Mattoo, Aaditya & Subramanian, Arvind, 2012. "Equity in Climate Change: An Analytical Review," World Development, Elsevier, vol. 40(6), pages 1083-1097.
    6. Varun & Prakash, Ravi & Bhat, I.K., 2010. "A figure of merit for evaluating sustainability of renewable energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(6), pages 1640-1643, August.
    7. Eiji Yamamura, 2012. "Groups and information disclosure: evidence on the Olson and Putnam hypotheses in Japan," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 39(6), pages 423-439, May.
    8. Tan, Raymond R. & Aviso, Kathleen B. & Barilea, Ivan U. & Culaba, Alvin B. & Cruz, Jose B., 2012. "A fuzzy multi-regional input–output optimization model for biomass production and trade under resource and footprint constraints," Applied Energy, Elsevier, vol. 90(1), pages 154-160.
    9. Kathuria, Vinish & Seethamma Natarajan, Rajesh Raj & Sen, Kunal, 2010. "State business relations and manufacturing productivity growth in India," MPRA Paper 20314, University Library of Munich, Germany.
    10. Talebian-Kiakalaieh, Amin & Amin, Nor Aishah Saidina & Mazaheri, Hossein, 2013. "A review on novel processes of biodiesel production from waste cooking oil," Applied Energy, Elsevier, vol. 104(C), pages 683-710.
    11. Pierre Dubois & Rachel Griffith & Aviv Nevo, 2014. "Do Prices and Attributes Explain International Differences in Food Purchases?," American Economic Review, American Economic Association, vol. 104(3), pages 832-867, March.
    12. Carley, Sanya & Desai, Sameeksha & Bazilian, Morgan, 2012. "Energy-Based Economic Development: Mapping the Developing Country Context," Energy: Resources and Markets 123278, Fondazione Eni Enrico Mattei (FEEM).
    13. Ravindranath, N.H. & Sita Lakshmi, C. & Manuvie, Ritumbra & Balachandra, P., 2011. "Biofuel production and implications for land use, food production and environment in India," Energy Policy, Elsevier, vol. 39(10), pages 5737-5745, October.
    14. Maurizio Mazzocco & Shiv Saini, 2012. "Testing Efficient Risk Sharing with Heterogeneous Risk Preferences," American Economic Review, American Economic Association, vol. 102(1), pages 428-468, February.
    15. Nicholas Bloom & John Van Reenen, 2010. "Why Do Management Practices Differ across Firms and Countries?," Journal of Economic Perspectives, American Economic Association, vol. 24(1), pages 203-224, Winter.
    16. Abhijit Das & Rashmi Banga & Dinesh Kumar, 2011. "Global Economic Crisis : Impact and Restructuring of the Services Sector in India," Microeconomics Working Papers 23225, East Asian Bureau of Economic Research.
    17. Pray, Carl E. & Nagarajan, Latha, 2009. "Pearl millet and sorghum improvement in India:," IFPRI discussion papers 919, International Food Policy Research Institute (IFPRI).
    18. K. S. Kavi Kumar & Brinda Viswanathan, 2013. "Weather and Migration in India: Evidence from NSS Data," Working Papers 2013-079, Madras School of Economics,Chennai,India.
    19. Jayaram, Jayanth & Dixit, Mita & Motwani, Jaideep, 2014. "Supply chain management capability of small and medium sized family businesses in India: A multiple case study approach," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 472-485.
    20. Andrea Caggese & Vicente Cunat, 2013. "Financing Constraints, Firm Dynamics, Export Decisions, and Aggregate Productivity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 177-193, January.

    More about this item

    Keywords

    India; Revenue Deficit; Revenue Receipts; Revenue Expenditure; Thirteenth Finance Commission;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • A10 - General Economics and Teaching - - General Economics - - - General

    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:pra:mprapa:34696. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.