Tax Collection and Its Impact on GDP: A Comparative Study of BRICS Nations

Sweta Singh () and S. K. Rastogi
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Sweta Singh: M. J. P. Rohilkhand University, Research Scholar, Department of Commerce
S. K. Rastogi: Hindu College Moradabad, Guru Jambheshwar University, Faculty of Commerce

A chapter in Proceedings of the International Research Conference on Resilience for Sustainability: Management Practices and Strategies for the Future (IRC 2025), 2025, pp 257-273 from Springer

Abstract: Abstract Tax is the most significant source of revenue in funding public goods and services, enabling governments to invest in infrastructure, education, and healthcare, thereby fostering economic growth and societal development. BRICS Nations cover approximately 29.5% of the Earth’s land area and generate about 29% of the world’s gross domestic product (GDP). In this paper, we have studied the rapid economic growth observed in India, China, and Russia, which has significantly elevated the importance of BRICS countries in the global economy. Research Methodology: This research paper evaluates Tax collection and its impact on the GDP of the BRICS Nations. The study focuses on various metrics, including GDP, GDP Growth, Per Capita GDP, Total Tax Collection, and tax revenue as a percentage of GDP. Statistical tools, including mean, standard deviation, coefficient of variation, Karl Pearson’s coefficient of correlation, and ANOVA, have been used to analyze the data, which were collected from the World Bank and the BRICS Nations’ central bank annual reports. Result: The ANOVA test reflects that the calculated F value is 87.57 is much higher than the critical value of F (2.58) between Groups of Nation and the calculated F value is 228.304 is much higher than the critical value of F (2.58) between Groups of Nations respectively therefore the alternate Hypothesis that there is a relation in term of tax collection among BRICS Nations and there is a significant impact of tax collection in the growth of GDP among BRICS Nations are accepted.

Keywords: BRICS Nations; Gross Domestic Product; Tax Revenue (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-860-8_18

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