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Own tax revenue outpaces GSDP growth in 15 states: PRS Report

Average own-tax revenue of these domains expanded by 12% between 2010-11 and 2018019 (November end); Telangana and Andhra top with 25% and 21% respectively

Income Tax, Tax

The own tax revenue of 15 states has bettered the growth of their Gross State Domestic Product (GSDP) between 2010-11 and 2018-19 (as on November end). On an average, own tax revenue in states has expanded at the rate of 12 per cent in the period under review. A study by Delhi-based non-profit organization PRS Legislative Research shows Andhra Pradesh and Telangana recorded higher growth rates of 21 per cent and 25 per cent respectively. On the contrary, Jammu & Kashmir, Gujarat and Tamil Nadu have witnessed comparatively lower growth rates of their own tax revenue ...