PMs, FMs and The Union Budget

Thrust on Employment Generation the Biggest Takeaway
  • In most major economies, most budget proposals are debated before being voted upon. In India, which is projected to be the third largest economy in the world by 2030, budget, still continues to be a practice of complete secrecy.
  • Similarly, there is no clear rationale in India even now for not making a distinction between Plan and non-Plan expenditure.