Article
Suyash Rai, Anirudh Burman
{
"authors": [
"Suyash Rai"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie India"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie India",
"programAffiliation": "",
"programs": [],
"projects": [
"Political Economy"
],
"regions": [
"South Asia",
"India"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
The Government’s Corporate Tax Move is Bold. But There is a Fiscal Risk
To boost growth, the government, on Friday, decided to risk the only engine of the tax system that has performed lately — corporate tax.
By Suyash Rai
Published on Sep 21, 2019
Source: Hindustan Times
Private consumption, the engine of the economy that had been firing most consistently in recent years, is losing steam. Two other engines — investments and exports — seem to be slowing down again after a brief period of robust activity. The result is 5% growth.
To boost growth, the government, on Friday, decided to risk the only engine of the tax system that has performed lately — corporate tax. In 2018-19, the actual collection (provisional) of corporate tax was Rs 6.63 lakh crore, against the budgeted Rs 6.21 lakh crore. The collections under other major taxes were much lower than budgeted.
This article was originally published in the Hindustan Times.
About the Author
Suyash Rai
Former Fellow, Carnegie India
Suyash Rai was a fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India.
- The Best of Ideas and Institutions, 2023
- Global Technology Summit 2022 Action PointsOther
- +4
Shruti Sharma, Suyash Rai, Konark Bhandari, …
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- Southeast Asia’s Agency Amid the New Oil CrisisCommentary
There is no better time for the countries of Southeast Asia to reconsider their energy security than during this latest crisis.
Gita Wirjawan
- Fuel Crisis Forces Politically Perilous Trade-Offs in IndonesiaCommentary
As conflict in the Middle East drives up fuel costs across Asia, Indonesia faces difficult policy trade-offs over subsidies, inflation, and fiscal credibility. President Prabowo’s personalized governance style may make these hard choices even harder to navigate.
Sana Jaffrey
- In Its Iran War Debate, Washington Has Lost the Plot in AsiaCommentary
The United States ignores the region’s lived experience—and the tough political and social trade-offs the war has produced—at its peril.
Evan A. Feigenbaum
- What GDP Means in a Soft Budget Economy Like ChinaCommentary
The GDP measure is an attempt to measure value creation in an economy. This measure, however, can vary greatly between economies that have disciplinary mechanisms that force them to recognize investment losses quickly and economies that don’t, and can postpone this recognition for many years.
Michael Pettis
- Some Countries Are Better Prepared for an Energy Crisis This TimeCommentary
As the Iran war shocks oil prices, countries that have invested in renewables, EVs, and battery development since the 2022 Russian invasion of Ukraine are seeing the value of their investments.
Noah Gordon
