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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]
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
According to the CIA World Factbook, the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. [2] Wealth distribution is also uneven, with one report estimating that 54% of the country's wealth is controlled by millionaires, the second highest after Russia, as of November ...
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$3.6 billion) 2023-24
With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. [2]
The current total number of billionaires in India is peaking at 271, with 94 new billionaires added in 2023 alone, according to Hurun Research Institute’s 2024 global rich list published Tuesday ...
High income 33.7 2020 33.82 2021 Chile: South America: High income 43.0 2022 44.50 2022 44.8 2022 China: Eastern Asia: Upper middle income 35.7 2021 36.67 2020 Ivory Coast: Western Africa: Lower middle income 35.3 2021 37.17 2019 Cameroon: Middle Africa: Lower middle income 42.2 2021 46.64 2014 Democratic Republic of the Congo
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