How Budgets Have Shaped India’s Economy: A Historical Perspective Introduction: Understanding the Role of Budgets in India’s Economy The Indian Union Budget is one of the most critical financial documents for the country. It reflects the government’s priorities, fiscal policies, and vision for the country’s economic growth. Since the first budget presented in 1947, budgets…
India’s First Mini-Budget: A Historical Insight In a landmark move, the Indian government presented its first-ever mini-budget, creating ripples in the financial world. This budget aims to address the immediate economic concerns arising due to the COVID-19 pandemic. It presents a shift in the traditional approach of budgeting by prioritizing quick and targeted interventions to…
India’s FY25 Growth Forecast Cut to 6.5% by IMF Introduction: IMF Lowers India’s Growth Forecast for FY25The International Monetary Fund (IMF) has recently revised India’s growth forecast for FY25 down to 6.5%. This adjustment comes amid global economic uncertainties, weaker-than-expected domestic demand, and external challenges such as inflationary pressures. India’s economic growth, previously anticipated to…
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