Budget GK: Who Presented India’s First Budget? A Unique History Behind the Tradition
New Delhi: India’s budget history is both unique and fascinating. Budget presentations date back to the British era, and even after independence, India has followed distinct traditions. The first interim budget of independent India was presented just three months after independence, in November 1947. Here are some key facts about India’s budget history, useful for general knowledge, competitive exams, and interviews.
Who Presented India’s First Budget?India’s first interim budget was presented in November 1947 by then Finance Minister R.K. Shanmukham Chetty. A lawyer, politician, and economist, Chetty laid down India’s first post-independence financial plan, detailing government income and expenditure for the year.
Budgets Before IndependenceEven before independence, budgets were pre...









