Subhash Chandra Garg’s Explanation and Commentary on Budget 2025-26 | Outcome & Implementation of Budgets 2023-25 | For Exams 2025 UPSC NABARD JAIIB RBI SEBI & All Competitive Exam Book

Government of India spends about 15% of India’s GDP which translates into a whopping expenditure budget of Rs. 50.65 trillion for 2025-26 including Rs. 11.21 trillion for capital expenditures another 12.76 trillion for interest payments more than Rs. 4.26 trillion on subsidies like food and fertilisers and Rs. 5.41 trillion on centrally sponsored programmes (CSSs) in the states. The budget expenditures impact everyone- individuals households workers businesses and everything we care about– provision of public goods growth inflation social welfare and governance of the country. This book explains everything relating to the expenditures of the government. The government’s tax proposals generate all-round interest. Companies worry about tax on their goods profits equities and bonds. Households and individuals look at the budget speech proposals how their salaries savings and capital gains are going to be taxed. Wider investment community wants to figure out government's disinvestment privatisation dividends and other non-tax receipts. All the tax non-tax and disinvestment proposals and performance of the government have been thoroughly analysed and commented upon in the book. Economists media banks foreign portfolio investors (FPIs) investment managers brokerages and everyone else with a direct or indirect stake in India’s economy savings credit financial markets and other macroeconomic aspect watch very carefully in addition to expenditure and tax proposals the budget proposals impacting interest rates and other macroeconomic indicators. This book presents an in-depth analysis of the macro-economic performance of the Indian economy and the implications of budget proposals. The book is organised in three parts and 34 chapters. Part One has all the big budget numbers with highlights and presents a critical analysis and implications of the proposals in Budget 2025-26 presented on 1 February 2025 Part Second brings out Implementation of Budget 2024-25 and Part Third provides a through assessment of the results and outcomes of Budget 2023-24. All three budgets have also been rated on a sound framework taking into account 2023-24 actuals 2024-25 revised estimates and 2025-26 budget estimates.