Determinants of tax-revenue in India: a principal component analysis approach
by Poonam Sharma; Jaspal Singh
International Journal of Economics and Business Research (IJEBR), Vol. 10, No. 1, 2015

Abstract: The present study seeks to explore the various important determinants of tax-revenue in India besides suggesting measures to improve the tax generation in India. The data has been collect over a period of 13 years, i.e., from 1999-2000 to 2011-2012. The findings of the principal component analysis revealed that three factors influence tax revenue performance in India namely; 'Core Developmental Indicators', 'Growth Boosters', and 'Sustainable Development Indicators'. Further, results of multiple regression analysis reveal that all the three factors play a positive role towards tax-revenue generation in India. The results suggest that there is an urgent need to control inflation, population growth rate and non-developmental expenditure, besides improving the growth rates of GDP, exports and allied sectors; as all these parameters have an important bearing on the tax-revenue generation in India.

Online publication date: Wed, 01-Jul-2015

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