in the year 1947-48, the budget for independent india was only rs 197 crore . what could be the reasons for such an increasa in the budget since then?
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Independent India’s first ever Budget was presented by RK Shanmukham Chetty, the finance minister of the free country, on November 26, 1947. A poverty-stricken country that India was at that time, the Budget as expected focused on food grain production, civil expenditure and defence.
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