Sansad TV Special : STORY OF INDIA’S UNION BUDGETS | 16 July, 2024

India has a 163-year-old legacy of budget presentations. The first budget was introduced by Scottish economist James Wilson in 1860, under the East India Company rule. Since gaining independence in 1947, India has made great strides toward economic autonomy through liberalization and visionary policymaking. Over the course of more than 75 years, the country has moved beyond its colonial past to become an economic powerhouse. Here’s an overview of the history of Union Budgets in India, highlighting how it all started and the milestone decisions made along the way.


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