Impact of Tax Revenue on Economic Growth of Prominent States of India

About the Book: Taxes are the major revenues for a country that are collected from citizens companies investors and so on to generate the economy. In todays global society redistribution mechanisms are necessary due to the fulfillment of core state obligations. The necessity of their financing where taxes often make up the largest portion of state budget income also affects government spending as the fundamental weapon of economic policy. Regardless of the prevailing economic system tax income is a crucial tool for the government to meet budgeted expenditures and aids in achieving established growth targets over time. The type of direct or indirect taxes that are now in place in an economy might aid in predicting a growth pattern for future planning and policy execution. Over the years economists have been curious to learn what influences different nations rates of economic growth and levels of wealth accumulation. This book provides stronger policy implications and recommendations to the countrys revenue authority accelerating economic growth and fostering a greater understanding of the role that taxes play in growth. About the Author: Arunima P is a Doctoral Scholar in the Commerce Department of the Central University of Tamil Nadu. She has a Master degree in Commerce from the University of Calicut Kerala and an M.Phil degree in Commerce from Central University in Tamil Nadu specialised in Taxation. Her area of interest includes Finance Financial Management and Taxation. She has served as Assistant Professor of Commerce at Providence Women’s College affiliated under University of Calicut for six years prior to taking up doctoral research at CUTN. Velmurugan P Shanmugam is a Fulbright Postdoctoral Fellow Dean for the School of Legal Studies and Associate Professor in the Commerce Department at the Central University of Tamil Nadu.