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BY-DEEPAK VIJAY(2010ME20914)

MANISH SHANDILYA(2010ME20778)

PRANAM BANSAL(2010ME20786)

CHANGES IN TRENDS !!ISCAL PLICY IN INDIA

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Content 

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190-1980

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IMPACT OF FISCAL POLICY  ,''$ #+ '++# &'$ * #?.''$

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IMPACT OF FISCAL POLICY(contd.)

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!$!s!on O# Poers BeteenCentre And State

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Plann!n% rocess

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F!scal Pol!c" B*FOR* LIB*RALI+ATION

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Ta, ol!c" (contd..)

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Ta, ol!c" (contd..)I ##&' *'$> * *+& +%+' 3*$ "'

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Ta, ol!c" (contd..)

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C+%+$##+ +, '&*/ 5+:'&'&':'.'$ (197071)

1970-71 Ê

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26%

Direct Tax

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Non-tax Revenue

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Result o# ol!c!es t!ll-/0&sI#*$ '%'#.&' +&$ &'*#'

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"' /'*'& 3"+ .$"'&' # "'liberalization # Indian '++= #1991

-10 ON2ARS..

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I&'*$' # '%'#.&'$

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 T"' '&*/ &':'.' '# /#' ,&+1@4 %'&' +, GDP # 1980-81 + 2@44%'&' +, GDP = 1989-90@

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D'#$ +, "' C'&*/ G+:'&' *$ %'&'*5' +,GDP (1970 + 1990)

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C+%+$##+ +, '&*/ 5+:'&' &':'.'$ (1990-91)

1990-91 Ê

13%

65%

22%

Direct Tax

Indirect Tax

Non-tax Revenue

C /

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C'&*/ 5+:'&' &':'.''%'#.&'$ (197071)

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C'&*/ 5+:'&' &':'.''%'#.&'$ (199091)

1990-91 Ê

15%

29%

17%

39%

Defence

Interet

!u"idie

#t$er Revenuex&enditure

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L#'&*/#$*#+> 5&+3"> * $*/ +$+/#*#+(19912008)E++# /#'&*/#$*#+> '++= 3*$ +%''

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 T* R',+&$P'&$+*/ #+' * &'.' + 20@0 * 40 %'&'

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C+%+$##+ +, '&*/ 5+:'&' &':'.'$ (1990-91)

1990-91 Ê

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65%

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 government revenues(1995-96)

1995-96 Ê

20%

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Indirect Tax

Non-tax Revenue

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Composition of centralgovernment revenues (2000-01)

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!#$*/ $#.*#+ #%&+:'$ * ,*//$

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*NT*RING T3* 4-ST  C*NT5RY 

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FRBMA (contd..)

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FRBMA (contd..)

   T*&5'$<1@ R':'.' '#

  D*' +, '/##*#+ 1 M*&" 2009 (%+$%+' ,&+ 1M*&" 2008)

  M##. A.*/ &'.#+ 0@ +, GDP

2@ !#$*/ D'#

  C'#/#5 +, "' GDP = 1 M*& 2008

  M##. A.*/ &'.#+ 0@ +, GDP

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FRBMA (contd..)

 C&###$<

-R'.' $+#*/ '%'#.&' ''$$*&= + &'*' productiveassets * 5''&*/ .%/#,' +, &.&*/ %++& +, I#*

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D'#$ , T"' C'&*/ G+:'&' A$ , GDP (199091 T+ 200910)<

0

1

2

3

'

5

6

7

8

9

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D'#$ , T"' S*' G+:'&'$ A$ , GDP (199091 T+ 200910)<

-2

-1

0

1

2

3

'

5

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ACHIEVEMENTS<

1@ I 200708> "' '&*/ 5+:'&'$ &':'.' '#*' +3 + 1@06 +, GDP 3"#/' "' G!D 3*$ @ ,&+ 4 * @ &'$%'#:'/= # 200-2004@

2@ T"' $*' 5+:'&'$ *"#':' * &':'.' $.&%/.$ +,0@8 +, GDP * * G!D +, 1@81 +, GDP = 200607

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@ T"#$ ,' #+ +"'& '++# :*&#*/'$ # * %+$##:'*'&@

4@ T"' *55&'5*' #$.&$''$ +, "' '&*/ * $*'

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