Updated on June 28, 2022
It is commonly accepted that the introduction of Value Added Tax (VAT) at the state level in India from April 1, 2005, is more efficient than the sales tax on the basis of efficiency.
However, the influence on the distribution of income was overlooked by policymakers.
We are looking for a poverty-reducing route for VAT reform in India by evaluating both the distributional and efficiency aspects.
Five major states in India, including Gujarat and Karnataka, Madhya Pradesh, Maharashtra, and West Bengal, concluded that VAT reform is not primarily poverty-reducing. – Its design continues to improve in new directions.
Since 1952, the Department of Economics at Delhi School of Economics, University of Delhi, has published the Indian Economic Review, a peer-reviewed, biannual journal. From 1966, the current series has been running.
Professor V.K.R.V. Rao and India’s first Prime Minister Jawaharlal Nehru sponsored a group of visionaries in 1949 who initiated an initiative to construct a center for advanced social science research.
The departments of economics, geography, and sociology make up the University of Chicago. The University Grants Commission has designated the Department of Economics as a Centre for Advanced Study, and its alumni list includes a long list of notable figures. In addition to Pranab Bardhan, Kaushik Basu, Jagdish Bhagwati, Sukhamoy Chakravarty, Raj Krishna, A.L. Nagar (among others), Prasanta Pattanaik, K.N. Raj and Prime Minister Manmohan Singh, there are many other prominent figures in Indian history.
They hold prominent positions in academic institutions, research institutes, government agencies, the media and the corporate sector in India and abroad.
In the past few years, faculty members of the department have published in a number of high-ranking academic journals. According to RePEc (Research Papers in Economics), a global electronic library of working papers and publications in Economics and Finance, we are now India’s highest-ranking institution (out of more than 70).
A number of prestigious magazines have collaborated with the department over the years.
The Indian Economic Review is the current publication. Writings in popular magazines, the production of two highly respected economic projections, and involvement on national committees are all ways in which faculty members continue to impact national discussions and policy.
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Department of Economics, Delhi School of Economics, University of Delhi, Indian Economic Review, 2010
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