India’s annual budget crosses ₹50 lakh crore for the first time | Explained

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The world’s fifth largest economy by gross domestic product (GDP) plans to spend a little over $580 billion, a quarter of that will be funded by borrowings. For reference, the size of the budget in the world’s largest economy, US, was $6.75 trillion in 2024, with a deficit of $1.8 trillion.

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