India’s Inequality Trap: The Role Played by Taxation Policies and Automation
Recent increases in automation and unemployment have aggravated income inequality in India. Thus, it is imperative for policy-makers to cut down on inequality and unemployment while promoting planned automation. This paper proposes a joint solution to reform India’s taxation framework to fight income inequality while promoting planned automation. The paper finds that the current tax policies are severely increasing income inequality in India, and this, in turn, has lead to alarming consumption and economic slowdown in key industries. Unable to encourage the demand side, industries have responded by cutting down labour costs. This has created an inequality trap. To bring India out of this trap, it is imperative that India moves ahead with taxing concentrated capital and invests in re-skilling. Further, India also must give effect to Baumol’s cost disease insight and create new job opportunities for the rural youth, which is at the highest risk of unemployment..
| Medienart: |
E-Artikel |
|---|
| Erscheinungsjahr: |
2020 |
|---|---|
| Erschienen: |
De Gruyter ; 2020 |
| Reproduktion: |
Walter de Gruyter Online Zeitschriften |
|---|---|
| Enthalten in: |
Zur Gesamtaufnahme - volume:11 |
| Enthalten in: |
Asian journal of law and economics - 11(2020), 3 vom: 02. Dez. |
| Beteiligte Personen: |
Agrawal, Binit [VerfasserIn] |
|---|
| Links: |
doi.org [Deutschlandweit zugänglich] |
|---|
| Themen: |
|---|
| doi: |
10.1515/ajle-2020-0040 |
|---|
| funding: |
|
|---|---|
| Förderinstitution / Projekttitel: |
|
| PPN (Katalog-ID): |
NLEJ247912026 |
|---|
| LEADER | 01000caa a22002652 4500 | ||
|---|---|---|---|
| 001 | NLEJ247912026 | ||
| 003 | DE-627 | ||
| 005 | 20230506005052.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220814s2020 xx |||||o 00| ||und c | ||
| 024 | 7 | |a 10.1515/ajle-2020-0040 |2 doi | |
| 028 | 5 | 2 | |a articles2015-2020.pp |
| 035 | |a (DE-627)NLEJ247912026 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rakwb | ||
| 100 | 1 | |a Agrawal, Binit |e verfasserin |4 aut | |
| 245 | 1 | 0 | |a India’s Inequality Trap: The Role Played by Taxation Policies and Automation |
| 264 | 1 | |b De Gruyter |c 2020 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a Recent increases in automation and unemployment have aggravated income inequality in India. Thus, it is imperative for policy-makers to cut down on inequality and unemployment while promoting planned automation. This paper proposes a joint solution to reform India’s taxation framework to fight income inequality while promoting planned automation. The paper finds that the current tax policies are severely increasing income inequality in India, and this, in turn, has lead to alarming consumption and economic slowdown in key industries. Unable to encourage the demand side, industries have responded by cutting down labour costs. This has created an inequality trap. To bring India out of this trap, it is imperative that India moves ahead with taxing concentrated capital and invests in re-skilling. Further, India also must give effect to Baumol’s cost disease insight and create new job opportunities for the rural youth, which is at the highest risk of unemployment. | ||
| 533 | |f Walter de Gruyter Online Zeitschriften | ||
| 650 | 4 | |a automation | |
| 650 | 4 | |a inequality | |
| 650 | 4 | |a income tax | |
| 650 | 4 | |a India | |
| 650 | 4 | |a jobs | |
| 773 | 0 | 8 | |i Enthalten in |t Asian journal of law and economics |d Berlin : de Gruyter, 2010 |g 11(2020), 3 vom: 02. Dez. |w (DE-627)NLEJ248237179 |w (DE-600)2579369-X |x 2154-4611 |7 nnns |
| 773 | 1 | 8 | |g volume:11 |g year:2020 |g number:3 |g day:02 |g month:12 |
| 856 | 4 | 0 | |u https://doi.org/10.1515/ajle-2020-0040 |z Deutschlandweit zugänglich |
| 912 | |a GBV_USEFLAG_U | ||
| 912 | |a ZDB-1-DGR | ||
| 912 | |a GBV_NL_ARTICLE | ||
| 951 | |a AR | ||
| 952 | |d 11 |j 2020 |e 3 |b 02 |c 12 | ||