In-depth Union Budget Analysis: Everything You Need to Know About the Union Budget

Download the Budget Excel File

In this article, I attempt to strip away the complexity of the Union Budget numbers to present you with a clear, concise understanding of this key event —what it means for the economy, for the investor, and for the future trajectory of this vibrant nation.

As many of you may already know, the budget numbers reveal where the nation's money comes from and where it's earmarked to go. From the investments in defense that secure the country's borders to the allocations for rural development that aim to elevate the quality of life, every figure has a significant impact. The fiscal deficits tell us about the government's borrowing and its implications on the economy, while the capital expenditures outline the investments in the nation's future.

For instance, in the budget estimate for FY24 (2023-2024), the size of expenditure was Rs 45 lakh crores while revenue was only Rs 27 lakh crores. The nominal GDP was pegged at Rs 301 lakh crores.

This is all available for you to see in the Excel model. Pls go ahead and down the Excel file linked below so you can follow me along.