Until 1955, Union Budget Was Only Printed In English. Then This Happened

The preparation of the Union Budget is a lengthy exercise that spans several months. The presentation of the Budget is a crucial event that shapes the economic trajectory of the nation and carries forward the government’s welfare programmes. The history of the budgetary process in India is quite interesting. The first Union Budget was presented by then Finance Minister R K Shanmukham Chetty on November 26, 1947. The Budget has evolved over the years since then.