Budget Timeline 1947 to 2025

2025

2025: Budget 2025 boosts tax relief, agriculture, jobs, infrastructure, startups, clean energy, women welfare, urban housing, skilling, MSMEs, and social inclusion.

2024

2024: Tax structure to infrastructure changes in the budget.

2023

2023: Budget emphasized on green growth, inclusive development, and digital economy advancements.

2022

2022: Budget focused on digital currency, infrastructure, and health.

2021

2021: The first digital Budget presented amidst the COVID-19 pandemic.

2020

2020: Nirmala Sitharaman presented the longest Budget speech, focusing on aspirational India, economic development, and caring society.

2017

2017: Budget presented on February 1, merging the Railway Budget with the General Budget.

2015

2015: Merger of the Railway Budget with the General Budget.

2014

2014: Arun Jaitley's Budget focused on fiscal consolidation and reducing subsidies.

2012

2012: Pranab Mukherjee introduced the Direct Taxes Code and Goods and Services Tax (GST) bill.

2009

2009: Pranab Mukherjee's Budget aimed at countering the effects of the global financial crisis.

2008

2008: Chidambaram's Budget waived off farm loans amounting to ₹60,000 crores.

2004

2004: P. Chidambaram's Budget after the UPA government came to power.

2000

2000: Yashwant Sinha introduced the service tax and rationalized customs duty.

1999

1999: Yashwant Sinha's Budget introduced the Kargil War surcharge and the creation of a National Highway Development Project.

1997

1997: P. Chidambaram's 'Dream Budget' focused on tax reforms and liberalization.

1991

1991: Manmohan Singh's landmark Budget introduced economic liberalization and structural reforms.

1989

1989: S.B. Chavan introduced measures to control inflation.

1987

1987: Rajiv Gandhi's Budget focused on modernization and technology.

1985

1985: V.P. Singh's Budget introduced MODVAT (Modified Value Added Tax).

1980-82

1980-82: Budgets under Indira Gandhi's leadership focused on poverty alleviation and nationalization.

1979

1979: Charan Singh's interim Budget post the collapse of the Morarji Desai government.

1973

1973: Yashwantrao Chavan presented the 'Black Budget' with a high deficit.

1970-73

1970-73: Budgets continued to focus on growth and stabilization.

1968

1968: Morarji Desai shifted the Budget presentation to the last working day of February.

1965

1965: Sachindra Chaudhuri presented a Budget during the Indo-Pak war period.

1960-65

1960-65: Budgets focused on the Second and Third Five-Year Plans, aiming at self-sufficiency in food and the growth of the public sector.

1957

1957: T.T. Krishnamachari introduced a controversial tax on expenditure.

1951-57

1951-57: Various Budgets were focused on the First Five-Year Plan (1951-1956) and the beginning of the Second Five-Year Plan (1956-1961).

1950

1950: John Mathai presented the first Budget of the Republic of India on February 28, 1950, establishing the Planning Commission.

1947

1947: R.K. Shanmukham Chetty presented the first Budget of independent India on November 26, 1947. This Budget covered only seven and a half months from August 15, 1947, to March 31, 1948.

Gold Rates

Mumbai

GoodReturns.in made every effort to ensure data accuracy; however, Greynium Info Tech and its associates do not accept culpability for losses and/or damages arising based on the information provided.