Who is known as the father of the Indian budget?

K. Shanmukham Chetty presented the first ever budget of Independent India on 26th November 1947. Before independence, it was British economist James Wilson who presented the first budget for India in 1860. You can read about the Union Budget 2021-22 Summary in the given link.

Further readings:

  1. Interim Budget – Difference between Interim Budget & Vote-On-Account 
  2. Revenue Receipts- Tax Revenue and Non-Tax Revenue

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