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
- Sri Lanka’s Economic and Geopolitical Balancing ActArticle
Economic recovery has brought Sri Lanka a modicum of stability, but domestic strains and great-power rivalry could test how long it lasts.
Avinash Paliwal
- The Debt Toll Booth: A Modular Solution to Addressing Sovereign Debt CrisesPaper
Policy proposals on sovereign debt must both match the scale of the challenge and be implementable within existing political constraints.
David McNair
- Who Is Funding Russia’s War in the 2027 Budget?Commentary
For every ruble allocated to social policy, health, and education in 2027, double that amount is earmarked for the army, the police, and the security services.
Alexandra Prokopenko
- Taking the Pulse: Can the EU Stare Down China on Trade?Commentary
The European Commissioner for Trade is headed to China. But after President Xi’s bridge-building visit to Washington, can a more isolated EU overcome Beijing’s stranglehold on critical raw materials? Who will blink first?
Rym Momtaz, ed.
- How Le Pen Benefits from the Stalemate in UkraineCommentary
The domestic impacts of how long it is taking to end the war in Ukraine have pushed the French electorate to the political extremes and compromised the country’s diplomatic capacity.
Rym Momtaz
