ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Samia Ansari

Tax Efforts of Major North Indian States

Major north Indian states have been assumed to get benefited from the implementation of the goods and services tax implemented since 2017 and from the implementation of the recommendations of the Fifteenth Finance Commission. The analysis shows that the tax efforts of Rajasthan and Bihar are far better than that of Madhya Pradesh and Uttar Pradesh.

Impact of Public Debt on the Economic Growth of Subnational Economies in India

This study examines both the short- and long-run impact of public debt on the economic growth of Uttar Pradesh during the post-reform period of 30 years by employing the vector error correction model. The empirical analysis revealed that the increase in public debt-to-gross state domestic product ratio and interest payments burden would have an adverse impact on the long-run economic growth of UP, while having no significant impact on the short-run growth. It is also notable that the effective interest rate has negatively correlated with the gross capital formation in UP, and the latter has shown significant positive long-run association with the economic growth. In order to attract investments and economic growth, the state Government of UP should continue a countercyclical fiscal stance that would help in adhering to fiscal sustainability rules by smoothing out the repercussions of the COVID-19 pandemic.