India's First Budget: 197 crore to spend, 171 crore to earn
Published on: Feb. 1, 2026, 11:32 a.m. | Source: India Today
India’s first budget in 1947 marked the beginning of the country’s financial journey. Presented on November 26, it allocated nearly half of its expenditure to defence, reflecting the urgent need to build and equip the nation’s armed forces in uncertain times.
