000			01412nam a22001337a 4500
999			_c533201 _d533201
008			260429b ||||| |||| 00| 0 eng d
100			_aMohan, R. Kakarlapudi, Kiran Kumar and Ramakumar, R. _960318
245			_aST Reform, consumption behaviour, and revenues across INDIAN states
260			_aEconomic & Political Weekly
300			_a61(11), Mar 14, 2026: p.44-50
520			_aThe demand- and revenue-side effects of goods and services tax rate reductions in India are examined, focusing on interstate heterogeneity in consumption behaviour. State-specific marginal propensities to consume are examined and corresponding consumption multipliers are derived to find substantial variation across states and an inverse relationship between MPC and per capita income. Linking these estimates to GST outcomes indicates that states with higher MPCs tend to exhibit greater GST buoyancy. Structural break tests on national consumption further highlight the limits of uniform GST rate rationalisation. Results suggest that growth and revenue implications of GST rationalisation and personal income tax concessions are likely to differ across states, with lower-income states benefiting more from consumption-led multiplier effects.-Reproduced https://www.epw.in/journal/2026/11/special-articles/gst-reform-consumption-behaviour-and-revenues.html
773			_aEconomic & Political Weekly
942			_cAR