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The government around the globe are striving to improve their public finance to meet their public expenditures and for sustainable development of their economies. However, the capability of the governments to generate adequate revenue is limited and refrained by numerous factors. The non‐compliance behavior of GST taxpayers is one of the major factors attributed to this phenomenon. Therefore, this paper endeavors to frame and validate a comprehensive instrumental scale with the application of the extended Theory of Planned Behavior (TPB) for analyzing the determinants of compliance behavior of GST taxpayers in India. The current study has adopted the quantitative design through exploratory and confirmatory studies by incorporating qualitative semi‐structured interviews with 100 GST consultants to validate the instrumental scale. The study has collected a random sample of 339 GST taxpayers using snowball random sampling. Meanwhile, the study has employed the Exploratory Factor Analysis (EFA) and Confirmatory Factor Analysis (CFA) for analyzing the collected data. The result affirms six major factors in determining the compliance behavior of GST taxpayers explaining 65.166% of the total variance. The findings have instituted perceived complexity, trust and moral obligation in addition to three major constructs of TPB theory namely attitude behavior, subjective norms and perceived behavioral control of the GST taxpayers. The results explicate that the compliance behavior of GST taxpayers is a dynamic and multifaceted phenomenon and it is critical for GST authorities to comprehend the compliance behavior of GST taxpayers. The result explicates that there is a need to simplify and rationalize the GST system in India to increase voluntary compliance of taxpayers. The results also endorse for building trust between GST taxpayers, GST authorities and the state. This study may act as a baseline for formulating policies and strategies on GST in India. There is hardly any national and international study that has applied the extended theory of planned behavior for studying the antecedents of compliance behavior of GST taxpayers. [ABSTRACT FROM AUTHOR]

In developing countries like India, the majority of the workforce is informal. There is no specific study about the important factors that influence the consumption expenditure of informal workers working in urban areas. The purpose of this paper, thus, is to identify the determinants of the consumption expenditures of urban informal workers, and the same is explored with respect to migration and gender. In this regard, a primary survey was conducted at the household level of the informal sector workers following the method of multi‐stage stratified sampling. The method of analysis of variance and a binary logistic regression model is employed. The inferences of the study explained that the expenditure pattern of the informal worker depends on socio‐economic factors—age group, income level and essential commodities like milk, kerosene, oil and child education. The study also highlights the fact that the informal workers are dragged into the web of a vicious circle of poverty due to a higher level of consumption expenditure than income and demonstrates the effect of betel‐tendu leaf mini cigarette‐tobacco‐alcohol. Hence, it is desirable that the policymakers should frame a regulated subsidised pricing policy for essential commodities as well as increase the minimum wage rate in order to strengthen the basic consumption expenditure of the informal workers. [ABSTRACT FROM AUTHOR]

This paper examines the sustainability of the current account deficit (CAD) and validity of the intertemporal budget constraint of India for the period of 1980 to 2019. The cointegration results show that exports and imports are not cointegrated and the current account (CA) series is not mean reverting during the study period. Therefore, the results refute the sustainability of CAD and the validity of the intertemporal budget constraint in the Indian context. Furthermore, the study also emphasised the testing of the disaggregated CA and found that while the goods account is not sustainable, the services account found to be sustainable in the long run. Our findings thus indicate the potential for aggregation bias to have an impact on the overall CA sustainability results. Therefore, policies that help in achieving self‐sufficiency on the one hand and export promotion in goods on the other may eventually contribute to CA sustainability. [ABSTRACT FROM AUTHOR]