• Karan Deshwal

The budget of India plays a pivotal role in shaping the country's economic landscape and development trajectory. It is an annual financial statement presented by the government, outlining its revenue and expenditure plans for the forthcoming fiscal year. The budgetary process is a significant component of fiscal policy, which is employed by the government to achieve various economic and social objectives. The budgetary system in India has a long and rich history dating back to colonial times. The origin of budgeting in India can be traced to the introduction of the British Government of India Act, 1858. The first budget was presented on April 7, 1860, by James Wilson, the then-Finance Member of the India Council. Over the years, the budgeting process has evolved and become more sophisticated to meet the dynamic needs of the Indian economy. With India's independence in 1947, the responsibility for budget formulation and financial management was transferred to the newly formed Indian government. Since then, the Union Budget has been an essential instrument for fiscal planning, resource allocation, and policy implementation in

Budget

"Budget of India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 8, page no.a215-a225, August-2023, Available :http://www.jetir.org/papers/JETIR2308030.pdf

"Budget of India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 8, page no. ppa215-a225, August-2023, Available at : http://www.jetir.org/papers/JETIR2308030.pdf