Rajan says an incentive-driven, export-led growth or import-substitution strategy may not work for India in the current global scenario
3 min read12 Dec 2014The 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