Volume : 9, Issue : 6, JUN 2023

TAX REVENUE ANALYSIS OF CHHATTISGARH: A COMPREHENSIVE STUDY (2001-2023)

DR. SANJAY KUMAR SINGH

Abstract

The research paper is written to examine the evolution of tax revenue and system starting from 2001 to 2023 in Chhattisgarh. It analyzes the trends of collection, composition of taxes and impact of the tax regime on state policy of finance. It has been noted that there has been remarkable growth on the mobilization capacity of tax by the state, as the tax revenue has shown significant growth from Rs. 18.5 thousand crore in 2001 to Rs. 388 thousand crore in 2023, which can be attributed to a remarkable compound annual growth rate of 14.84%. This analysis shows that the state has given a remarkable transformation from being a new state stricken down by poverty and backwardness to a financially robust state which is outperforming several other states and national benchmarks.

Keywords

-

Article : Download PDF

Cite This Article

IESRJ

International Educational Scientific Research Journal

E-ISSN: 2455-295X

International Indexed Journal | Multi-Disciplinary Refereed Research Journal

ISSN: 2455-295X

Peer-Reviewed Journal - Equivalent to UGC Approved Journal

Peer-Reviewed Journal

Article No : 14

Number of Downloads : 170

References

  1. Macro-and-Fiscal-Landscape-of-the-State-of-Chhattisgarh-1.pdf
  2. https://federalizm.rea.ru/jour/article/view/347
  3. https://eajournals.org/ijdee/vol11-issue-2-2023/an-exploration-of-annual-budgets-and-gdp-trends-of-kenya-for-the-period-2018-2023/
  4. https://refp-stgau.ru/index.php/refp/article/view/84
  5. https://ku.ac.bd/journal/kustudies/article/view/1062
  6. https://bbejournal.com/BBE/article/view/526
  7. https://econom.bulletin.knu.ua/article/view/1137
  8. https://scholarworks.sjsu.edu/mti_publications/467/
  9. https://federalizm.rea.ru/jour/article/view/816
  10. https://elib.surgu.ru/all/publ/13568
  11. https://drpress.org/ojs/index.php/HBEM/article/view/7223
  12. https://www.ijfmr.com/papers/2024/1/14292.pdf
  13. https://www.scienceimpactpub.com/journals/index.php/jess/article/download/869/506
  14. Finance Department, Government of Chhattisgarh
  15. Reserve Bank of India (RBI)
  16. Comptroller and Auditor General of India (CAG)
  17. Ministry of Finance, Government of India
  18. Central Statistics Office (CSO) / Ministry of Statistics and Programme Implementation (MoSPI)
  19. Agur, I., N'Guessan, T., & Souleles, N. S. (2022). Tax revenue and mobile money in developing countries. Journal of Development Economics.
  20. World Bank. (2023). Fiscal Policy Volatility and Growth in Emerging Markets and Developing Economies. World Bank Policy Research Working Paper.
  21. Curdia, V., & Sosa-Padilla, C. (2023). Changes in the Composition of Tax Revenues: Implications for Monetary and Fiscal Policy. Journal of Monetary Economics.
  22. Kumar, R., & Mahajan, S. (2023). Investigating the relationship of government revenue and expenditure on economic growth: Evidence from Indian states. Indian Journal of Economics and Development.