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Expenditure State Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$33 billion) 2023-24 [1]Arunachal Pradesh ₹ 29,657 crore (US$3.5 billion) 2023-24
The 2023 Union Budget of India was presented by the Minister of Finance of India on February 1, 2023. This was the fourth budget of Narendra Modi-led NDA government's second term, starting from 2020. The Economic Survey for 2022–2023 was released on January 31, 2023 before the budget.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
Central sector scheme actual spending in 2017-18 was ₹ 587,785 crore (equivalent to ₹ 6.6 trillion or US$77 billion in 2023), [8] in 2019-20 it was ₹ 757,091 crore (equivalent to ₹ 8.5 trillion or US$99 billion in 2023) while the budgeted amount for 2021-22 is ₹ 1,051,703 crore (equivalent to ₹ 12 trillion or US$140 billion in 2023 ...
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
The Economy of Madhya Pradesh refers to the economic growth with respect to the Indian state of Madhya Pradesh.It grew 12% in GDP for the year of 2011–12, for which it received an award from the President Pranab Mukherjee in January 2013 for improving its tourism, medical and infrastructural growth.
The defence budget of India was increased to ₹ 621,940 crore (US$73 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$69 billion) during last year. This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25. [15]