India's Financial Pattern

Volume : IV, Issue : IV, April - 2015

Mrs. Seema Goyal

Public finance is the study of the role of the government in the Economy. It is the anch of Economic which deals the

government revenue and government expenditure of the public authorities.

India is a developing country. So Indian Financial Pattern have been assuming greater importance in India, particularly

after the decentralization movements started with the 73rd and 74th constitutional amendments in 1992. The structure and trend of the

finances of Indian government is very wide. This paper is an attempt to provide an outline of financial pattern in India. It discuss both income and

expenditure during the year 2008–09 to 2012–13. It is clear from the income and expenditure data that there is a deficit in India�s budget because

of the excess expenditure over income. Thus this paper present a weak base of Indian Economy and therefore, point to the need for inging about

reforms in that direction among these institutions.