Over the past few weeks, several state governments have presented their Budgets for 2018-19. A Business Standard analysis of 10 state Budgets throws up some salient points.
First, at the aggregate level, states’ own tax revenues - as a percentage of gross state domestic product (GSDP) - have barely registered a rise over the seven-year period from 2011-12 to 2018-19, indicating a marginal increase in tax buoyancy. A similar trend is observed in states’ non-tax revenues as well. Second, these states have seen a sharp rise in their share in central taxes as ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Thu, March 15 2018. 19:48 IST
RECOMMENDED FOR YOU