International Journal For Multidisciplinary Research

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Taxation Policies in India: A Critical Examination of Tax Rates, Structures, and Their Impact on Entrepreneurship, Investment, and Economic Growth

Author(s) Mr Paarth Kumar, Mr Pratulya Garg
Country India
Abstract In the realm of economics, taxation policies hold the power to sculpt a nation's economic terrain, influencing entrepreneurship, investment decisions, and the overall trajectory of growth. India, a country brimming with diverse economic landscapes and a burgeoning entrepreneurial spirit, demands a profound understanding of the intricacies that underlie its tax rates and structures.
This study delves into the rich tapestry of India's taxation history, tracing its evolution from ancient civilizations' land revenue systems to the complex tax regimes of the British colonial era. Weaving through the socio-economic threads that have shaped India's tax policies over the centuries, it unveils the intricate patterns that have defined the nation's fiscal landscape.
At the heart of this research lies the recognition that taxation serves as a vital artery, pumping lifeblood into economic growth while simultaneously influencing the very pulse of entrepreneurship and investment. Excessive taxation rates or convoluted tax systems can dampen the flames of innovation, stifling the growth of start-ups and small businesses. Conversely, meticulously crafted tax incentives and exemptions can nurture a fertile ground for entrepreneurial endeavours to blossom, catalysing job creation and driving economic progress. Drawing upon global experiences and scientific research, this study offers a roadmap of policy recommendations, guiding policymakers, practitioners, and stakeholders towards a more efficient, equitable, and effective tax system – one that fosters sustainable development and inclusive prosperity.
In the grand tapestry of India's economic canvas, taxation policies serve as the threads that bind entrepreneurship, investment, and growth. This study aims to unravel the intricate patterns, unveiling strategies to weave a harmonious tax structure that nurtures innovation, attracts investment and propels India towards a future of economic prosperity.
Keywords 7698
Field Sociology > Administration / Law / Management
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-06-05
Cite This Taxation Policies in India: A Critical Examination of Tax Rates, Structures, and Their Impact on Entrepreneurship, Investment, and Economic Growth - Mr Paarth Kumar, Mr Pratulya Garg - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.19195
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.19195
Short DOI https://doi.org/gtxrsr

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