In the year 1947-48, the budget for independent India was only Rs. 19

1.	In the year 1947-48, the budget for independent India was only Rs. 197 crores. What could be the reasons for such an increase in the budget since then?
Answer» 1. Increase in the cost of different goods. 2. Increase of cost of exports. 3. Decrease in the value of money. 4. Change of roles played by government i.e., provision of subsidized fertilizers, food, development of infrastructure facilities etc.

In the year 1947-48, the budget for independent India was only Rs. 197 crores. What could be the reasons for such an increase in the budget since then?

Answer»

1. Increase in the cost of different goods.

2. Increase of cost of exports.

3. Decrease in the value of money.

4. Change of roles played by government i.e., provision of subsidized fertilizers, food, development of infrastructure facilities etc.