India, the world’s largest democracy, recently concluded its electoral process. As the formation of the new government nears, one of its first and most critical tasks will be to present a regular budget, revising the interim budget introduced prior to the elections. This article aims to analyze past budget trends by scrutinizing expenditures and incomes, and to identify the challenges and opportunities facing the incoming government. This analysis is particularly pertinent as the new government will be a coalition, likely facing more complexities and pressures from diverse political alliances than a single-party government, which typically operates with greater autonomy.
Central Govt’s Budgetary Trends: A Comparative Analysis
The annual trends in the budgetary estimates for India’s central government are elucidated below, first in absolute terms and then as a percentage of GDP, which provides a more standardized basis for comparison.
