Reform and the Structure of the Indian Economy: Output–Value Added Symbiosis by Madhusudan Datta, Cambridge, Cambridge University Press, 2020, xiv + 180 pp.

2021 ◽  
Author(s):  
Hajime Sato
Keyword(s):  
Value Added ◽  
Cambridge University ◽  
Indian Economy

scholarly journals Gst impact on the e-commerce sector: an overview

2017 ◽  
Vol 7 (2) ◽  
pp. 245-249
Author(s):  
VIJAYA KUMAR K ◽  
JABIMOL C. MAITHEEN
Keyword(s):  
Value Added ◽  
Retail Sector ◽  
Tax Rates ◽  
Value Added Tax ◽  
Indian Government ◽  
Tax Base ◽  
Indian Economy ◽  
A Value ◽  
The Government ◽  
Retail Entrepreneurs

The success of the e-commerce sector is largely dependent on the increasingnumber of retail entrepreneurs, who fall in the unorganized retail sector category. Thegovernment has included such players in the ambit of GST with an intention of broadeningthe tax base and has introduced specific provisions for the e-commerce companies. This isone of the major taxation reforms in Indian taxation system.GST is to set to integrate all stateeconomies and increase the overall growth of the country.GST will create unified market andboost the Indian economy. The Goods and Service Tax (GST) is a value added tax to beimplemented in India.. There are 3 kinds of taxes under GST: 1) SGST 2) CGST 3) IGST.The GST tax rates are divided into 5 categories which are 0%, 5%, 12%, 18%, 20%.Implementation of GST is one of the best decision taken by the Indian Government. Thesuccess of the e-commerce sector is largely dependent on the increasing number of retailentrepreneurs, who fall in the unorganized retail sector category. The government hasintroduced such players in the ambit of GST with the intension of broadening the tax baseand has introduced specific provisions for the e-commerce companies. This paper focuses onthe concept of GST and their impact on E-Commerce

Is Liberalisation Associated with Higher Productivity? A Case Study of Punjab Manufacturing

2007 ◽  
Vol 11 (4) ◽  
pp. 53-65
Author(s):  
Ravi Kiran ◽  
Manpreet Kaur
Keyword(s):  
Economic Growth ◽  
Total Factor Productivity ◽  
Manufacturing Sector ◽  
Research Work ◽  
Value Added ◽  
Business Environment ◽  
Empirical Literature ◽  
Factor Productivity ◽  
Policy Regime ◽  
Indian Economy

Productivity is an important concept in the context of the economic growth of a nation. The rate of productivity in accelerating the pace of economic growth is well recognised in both the theoretical as well as empirical literature on growth. The significance of productivity for economic growth was highlighted by Kuznets (1966) when he showed that rapid gain in industrial productivity was the crucial underpinning of Western Industrialization. The Indian Economy was thrust into throes of rapid change in the nineties when the then government of India adopted the New Economic Policy. Liberalization, Privatization and Globalization — became the three planks by which the Indian Economy was propelled into the fusion. This process has had maximum impact on the manufacturing sector, as it has radically changed its business environment and future growth dynamics. All the states of Indian union have been affected differently due to the structural changes. In response to changed policy regime different sub sectors of industry of Punjab have responded differently to adjust optimally. The present research work focuses on studying the response of manufacturing industries in Punjab to the changed policy regime after the advent of liberalisation and privatisation process in India. The present study analyses the trends in value added, labour, capital as well as trends in labour, capital and total factor productivity for sixteen industrial groups on the organised manufacturing sector for the period 1980 — 81 to 2002 — 03 and also for two sub periods, period I, 1980 — 81 to 1990 — 91 and period II, 1991 — 92 to 2002 — 03. The present study tries to examine the trends in partial productivities as well as total factor productivity in the two sub periods to see whether there has been an improvement in productivity in the post 1991 period, the period associated with liberalisation and globalisation. The study tries to analyse the industries which have been showing better performance in terms of partial and total factor productivity and also study the trends of the industries which have not performed well in the period of analysis.

scholarly journals The Impact of GST on Indian Economy

2021 ◽  
Vol 9 (11) ◽  
pp. 1419-1421
Author(s):  
Rohan Navandhar
Keyword(s):  
Central Government ◽  
Negative Impact ◽  
Positive Impact ◽  
Task Force ◽  
Current System ◽  
Tax Avoidance ◽  
Value Added ◽  
Indian Economy ◽  
Goods And Services ◽  
The Impact

Abstract: In India, the idea of GST was contemplated in 2004 by the Task Force on implementation of the Fiscal Responsibility and Budget Management Act, 2003, named Kelkar Committee. The Kelkar Committee was convinced that a dual GST system shall be able to tax almost all the goods and services and the Indian economy shall be able to have wider market of tax base, improve revenue collection through levying and collection of indirect tax and more pragmatic approach of efficient resource allocation. Under the Goods and Service Tax , every person is be liable to pay tax on output and shall be entitled to enjoy credit on input tax paid and tax shall be only on the amount of value added. GST is a single national uniform tax levied across India on all goods and services. In GST, all Indirect taxes such as excise duty, central sales tax (CST)and value- added tax (VAT) etc. will be subsumed under a single regime. Introduction of The Goods and Services Tax (GST) expected as a significant step towards a comprehensive indirect tax reform in the country, which would lead India for its economic growth. The Proposed study is designed to know the impact on GST on Indian Economy with the Help of Its individual effect on different sectors. Under GST, goods and services fall under five tax categories: 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. For corporates, the elimination of multiple taxes will improve the ease of doing business. And for consumers, the biggest advantage would be in terms of a reduction in the overall tax burden on goods. "Inflation will come down, tax avoidance will be difficult, India's GDP will be benefitted and extra resources will be used for welfare of poor and weaker section. The Lok Sabha has finally Passed the Goods and Services Tax Bill and it is expected to have a significant impact on every industry and every consumer. Apart from filling the loopholes of the current system, it is also aimed at boosting the Indian economy. Keywords: GST, Indian Economy, Positive Impact , Negative Impact, Central Government, State Government

scholarly journals COVID-19 and Indian Economy: Impact on Growth, Manufacturing, Trade and MSME Sector

2020 ◽  
Vol 21 (5) ◽  
pp. 1159-1183 ◽  
Author(s):  
Pravakar Sahoo ◽  
Ashwani
Keyword(s):  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Capacity Utilization ◽  
Value Added ◽  
Case Scenario ◽  
Worst Case ◽  
Indian Economy ◽  
Manufacturing Trade ◽  
Medium Enterprises ◽  
The Impact

The study aims to make an assessment of COVID-19 on Indian economy by analysing its impact on growth, manufacturing, trade and micro, small and medium enterprises (MSME) sector, and highlights key policy measures to control the possible fallout in the economy. The impact of the pandemic across sectors and in different scenarios of complete, extended and partial lockdown, and at different levels of capacity utilization is massive on the Indian economy. India’s economy may barely manage to have a positive growth of 0.5 per cent in an optimistic scenario but also faces the possibility of a 3–7 per cent negative growth in worst case scenarios for the calendar year 2020. The impact is severe on trade, manufacturing and MSME sectors. The likely impact (deceleration) of COVID-19 from best case scenario to worst scenario are as follows: manufacturing sector may shrink from 5.5 to 20 per cent, exports from 13.7 to 20.8 per cent, imports from 17.3 to 25 per cent and MSME net value added (NVA) from 2.1 to 5.7 per cent in 2020 over previous year. The economy is heading towards a recession and the situation demands systematic, well targeted and aggressive fiscal-monetary stimulus measures.

scholarly journals One Nation, One Tax: How the Goods and Services Tax (GST) have Impacted the Indian Economy

2020 ◽  
Vol 3 (11) ◽  
pp. 141-144
Author(s):  
Ishant Chawla
Keyword(s):  
Value Added ◽  
Secondary Data ◽  
Indian Economy ◽  
Excise Duty ◽  
Goods And Services ◽  
Significant Step ◽  
The Business Cycle ◽  
The Government ◽  
Taxation System ◽  
The Impact

GST is a single national uniform tax levied across India on all goods and services. In GST, all Indirect taxes such as excise duty, value-added tax (VAT), etc. will be subsumed under a single regime. Introduction of the Goods and Services Tax (GST) expected as a significant step towards a comprehensive indirect tax reform in the country, which would lead India for its economic growth. The implementation of GST will lead to the reduction in the product prices throughout the business cycle. The country’s taxation system has improved with the help of GST and the government should take more efforts to training and educating public. Necessary modules should be integrated in the education sector related to GST. The Proposed study is designed to know the impact on GST on Indian Economy with the Help of Its individual effect on different sectors. The Study is Exploratory in nature and Secondary Data has been used for the study. The data is collected from different Journals, Periodicals, Newspapers and Internet.

Redefining the components of agribusiness

2017 ◽  
Vol 2 (01) ◽  
pp. 50-53
Author(s):  
Shoji Lal Bairwa ◽  
S. Kushwaha ◽  
C. Sen ◽  
Shilpi .
Keyword(s):  
Service Sector ◽  
Agricultural Development ◽  
Value Added ◽  
Industrial Sector ◽  
Vital Role ◽  
System Structure ◽  
Complex Nature ◽  
Concept System ◽  
Indian Economy ◽  
Marketing Service

Agribusiness is a fast emerging industrial sector and becomes a most important sector of Indian economy due to boosting up the economy and taking care of global opportunities of trade. Nowadays, agriculture has achieved commercial importance and status is changed from subsistence to commercial farming, import oriented to export oriented, supply driven technology to demand driven technology due to agribusiness sector. Agribusiness is a complex and comprehensive system of industry chain, which is playing a vital role in Indian economy. Generally, Agribusiness is difficult to understand due to its elusive and complex nature while understanding the concept, system, structure, and components of agribusiness is essential to understand the whole agribusiness environment. Agribusiness is made of various sectors like input sector, production sector, processing sector and marketing service sector, in which the main value-added sector concentrated on the post-production sectors. The agribusiness is greatly expanding India's agricultural development and providing a possible choice for modernization of Indian agriculture. The present article is a systematic effort to introduce the structure and subsystem of agribusiness along with the different components of agribusiness system.

Regressive Taxation and the Welfare State: Path Dependence and Policy Diffusion

2005 ◽  
Vol 38 (4) ◽  
pp. 1079-1080
Author(s):  
Daniel Cohn
Keyword(s):  
Welfare State ◽  
Path Dependence ◽  
Policy Diffusion ◽  
Value Added ◽  
Cambridge University ◽  
State Regime ◽  
The Relationship ◽  
Quantitative And Qualitative Methods ◽  
State Path ◽  
The Welfare State

Regressive Taxation and the Welfare State: Path Dependence and Policy Diffusion, Junko Kato, Cambridge: Cambridge University Press, 2003, pp. 260.This book provides a surprisingly interesting look at an understudied problem within the field of comparative welfare state research: the relationship between funding and welfare state regime characteristics. The author proposes that researchers take a second look at regressive taxation, specifically value-added taxes (VATs) such as Canada's GST. While it is commonly assumed that a sustainable and extensive welfare state goes hand-in-hand with a heavy reliance on progressive taxation, Kato seeks to demonstrate through a combination of quantitative and qualitative methods that this is not the case.

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