Indian Tax system, economic development in the context of BRIC
By: Alok, V.N.
Material type:
ArticlePublisher: 2010Description: p.996-1039.Subject(s): Economic and social development | Taxation
In:
Indian Journal of Public AdministrationSummary: During the current economic meltdown, it is also felt that the emerging countries such as Brazil, Russia, India and China(BRIC) are expected to perform better than the global average. India as an emerging country is no exception to this trend. This performance is largely due to unilateral trade and structural reforms, which have been continued during the period. Growth has been led by the services sector, where liberaization has been most rapid. Here is an analysis of Indian tax system relating to its structure and constitutional provisions with an overview of recent economic development and issues related to international trade in India particularly, and these countries generally. A broad analysis of the provisions in Indian Constitution related to taxation and its distribution has been done alog with the issues related to the transition from cascading type indirect taxes to comprehensive value added system or goods and service tax. - Reproduced.
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Indian Institute of Public Administration | Volume no: 56, Issue no: 4 | Available | AR91140 |
During the current economic meltdown, it is also felt that the emerging countries such as Brazil, Russia, India and China(BRIC) are expected to perform better than the global average. India as an emerging country is no exception to this trend. This performance is largely due to unilateral trade and structural reforms, which have been continued during the period. Growth has been led by the services sector, where liberaization has been most rapid. Here is an analysis of Indian tax system relating to its structure and constitutional provisions with an overview of recent economic development and issues related to international trade in India particularly, and these countries generally. A broad analysis of the provisions in Indian Constitution related to taxation and its distribution has been done alog with the issues related to the transition from cascading type indirect taxes to comprehensive value added system or goods and service tax. - Reproduced.


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