IMF says India's terms-of-trade loss as a percent of GDP over 2018-2019 is likely to be at 0.18%, much lower than the 1.5% loss seen in 2017
2 min read26 Apr 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared