Received: 25.04.2021; Revised: 28.06.2021, Accepted: 05.07.2021, Published Online: 26.07.2021
GROWTH PERFORMANCE OF PUBLIC REVENUE IN INDIA
Dr. P. Sekar
Associate professor, PG and Research, Department of Economics, Madurai Diravium Thaumanavar Hindu College, Affiliated to Manonmaniam Sundaranar University, Tirunelveli, Tamil Nadu, India.
Dr. Mathanraj .T
Researcher, Department of Economics, Scott Christian College (Autonomous), Nagercoil, affiliated to Manonmaniam Sundaranar University, Tirunelveli. Tamil Nadu, India.
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Public Revenue have a vital role to play in the progress of the developing countries. Realizing by this fact, more and more countries resort to borrowing and this had increased at an alarming rate. The following are the specific objectives of the present study: (i) To analyze the growth of Tax revenue in India during 1970-71 to 2019-20. (ii) To study the growth of Non-Tax revenue in India. (iii) To examine the trend and pattern of Tax revenue and Non -Tax Revenue of India. (iv) To give some policy suggestions from the analysis of data. This study had been carried out with the help of the secondary data only. The required data for the analysis were collected from the various published sources. The main sources were collected from various issues of the Reserve Bank of India Bulletin, Budget documents of the Government of India. Report on Currency and finance, Economic Survey. A period of 50 years from 1970-71-1979-80 to 2019-20 had been selected for the study. The first period covers a period of 10 years from 1970-71 to 1979-80, second period covers a period of 10 years from 1980-81 to 1989-90, the third period covers a period of 10 years from 1990-91 to 1999-2000, fourth period covers 10 years 2000-01 to 2010-11, and fifth sub periods cover 10 years 2010-11 to 2019-20. The researcher had analyzed using descriptive statistics such as tables, percentages, Annual average growth rate, Time Series Analysis, The Semi-log Model, Linear Trend model, t test. Linear Model has been applied to analyze the trends and examine the trend and pattern of Tax revenue and Non -Tax Revenue of India. Semi Log Model and Compound Growth Rate has been applied examine the growth of Tax revenue in India during 1970-71 to 2019-20.
Keywords: Public Revenue, Linear model, Semi-Log Model.