Economy Terms: Tax Buoyancy, Elasticity, Automatic Stabilizer, Forward Backward shifting Tax Burden скачать в хорошем качестве

Economy Terms: Tax Buoyancy, Elasticity, Automatic Stabilizer, Forward Backward shifting Tax Burden

1. 👩🏻‍🏫 Prelims + Mains Coaching: https://unacademy.com/goal/upsc-civil... 2. 😵‍💫 UPSC Form filling helpline https://docs.google.com/forms/d/e/1FA... 3. 📰 Mrunal’s Win26 Economy Series mrunal.org/win26 4. 📘 Amazon pe Mrunal’s Economy Book: https://amzn.to/3Jb5rf7 Timestamps: 00:00 Intro & Tennis Ball Analogy 01:10 Income Tax Buoyancy 1.8× 02:06 Economic Survey Data Tricks 03:07 Income Tax Data FY22–25 04:19 Revenue Shortfall Reasons 05:26 Automatic Stabilizer Explained 06:41 Automatic vs Discretionary 08:10 Laffer Curve Intuition 09:11 GDP & Tax Relation 10:38 Why Income Tax Grows Faster 11:46 Corporation Tax Unitary 12:07 GST Buoyancy Falling 13:22 Direct vs Indirect Shift 14:16 Excise on Petrol-Diesel 15:39 Customs Duty Reasons 16:46 Tax Elasticity Overview 19:02 Tax Burden Shifting 21:05 Examples 23:21 CAPF 2024 Question 25:22 Economy Series Update In this detailed Economy lecture, renowned UPSC educator and subject expert Dr. Mrunal Patel explains crucial taxation concepts from the latest Economic Survey with real data, simple analogies, and exam-oriented clarity. Dr. Mrunal breaks down why Income Tax collection is growing much faster than India's GDP (Tax Buoyancy more than 1), while Corporation Tax shows unitary elasticity (~1), GST elasticity is falling, and Excise + Customs are moving like a "tortoise" (elasticity less than 1). He uses the famous "tennis ball vs cricket ball" analogy to explain tax buoyancy, compares GDP "elephant" speed with tax "rabbit" & "tortoise" speed, and shows how to calculate buoyancy ratio quickly for MCQs. Important topics covered: What is Tax Buoyancy? How to interpret 1.8×, 1.3×, 0.4× numbers Why Income Tax showed very high buoyancy in FY 2022–25 Revenue Shortfall in Income Tax after new tax regime (₹12 lakh exemption) Why GST collections slowed down after slab rationalization (2025 changes) Excise duty on petrol-diesel became less bouncy – official reasons + real-world angles (EV trend, job losses, election duty cuts) Customs duty elasticity less than 1 due to FTA + raw material duty cuts Direct vs Indirect tax share shift (51:49 → 59:41 post-COVID) Automatic Stabilizer – how progressive taxes like Income Tax & Corporation Tax act like bike suspension during slowdowns/job losses (very important MCQ concept) Tax Burden (Incidence) – Forward shifting vs Backward shifting When does burden fall more on consumer vs producer? (elasticity of demand & supply examples – salt, essentials, addictive goods, cars, chocolate) Laffer Curve intuition (without using the name) – why tax rate increase beyond a point reduces revenue Economic Survey communication tricks when data looks bad Rank of major taxes in total collection (2024–25 order) This lecture is especially useful for UPSC CSE Prelims & Mains (GS Paper 3 – Economy), CAPF AC, CDS, SSC CGL, State PCS, RBI Grade B, IBPS, and all other competitive exams where Indian Economy & Taxation is asked. Watch full Economy series playlist for latest updates before Prelims/Mains. For affordable, high-quality UPSC preparation with live classes, answer evaluation, test series, NCERT to advance coverage, regular mentorship – visit Unacademy. Use discount code: Mrunal.org (limited period offer – extended validity if you join early + regular attendance & mocks condition). Join early → finish syllabus faster → more time for revision & mocks. Let's Crack It! #UPSC #Economy #EconomicSurvey #TaxBuoyancy #MrunalPatel #AutomaticStabilizer #TaxBurden #UPSCEconomy #CAPF #SSC #StatePSC *SEO Tags* mrunal economy, economic survey 2024-25, tax buoyancy, automatic stabilizer, tax burden, direct indirect tax, income tax buoyancy, gst collection, corporation tax, excise duty petrol diesel, customs duty, laffer curve upsc, forward backward tax shifting, upsc gs paper 3, economy for upsc, mrunal patel economy lecture, unacademy economy, capf economy questions, revenue shortfall, tax elasticity, upsc prelims 2025, mains economy 2025