47% for defence, Rs 197 crore expenditure: A look at India’s first Budget in 1947
NEW DELHI: As India prepares for the Union Budget for 2026–27, scheduled to be presented on February 1, it is worth noting that when the country’s budgetary journey began, in a vastly different India, still finding its feet after independence.India’s first Union Budget was presented on November 26, 1947, three months after the country attained…
