5 LANDMARK BUDGET THAT SHAPED INDIAN ECONOMY

Jul 22, 2024 Tanvi Kaushik

T.T. Krishnamachari's 1957-58 Budget introduced key tax reforms, including wealth tax

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This tax on personal assets marked a major shift in India’s tax policy

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Manmohan Singh's 1991 Budget aimed to tackle the severe economic crisis facing the country

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This budget improved India's global reputation and ended the "Licence Raj

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P. Chidambaram's 1997 "Dream Budget" reduced personal and corporate taxes

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Yashwant Sinha's Budget cut customs duties on 21 IT items, transforming the sector

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Arun Jaitley's 2017-18 Budget merged the Union and Railway Budgets, ending a 92-year tradition

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