Volume : 4, Issue : 4, April - 2015

India's Financial Pattern

Mrs. Seema Goyal

Abstract :

<p> Public finance is the study of the role of the government in the Economy. It is the anch of Economic which deals the </p> <div>government revenue and government expenditure of the public authorities. </div> <div> India is a developing country. So Indian Financial Pattern have been assuming greater importance in India, particularly </div> <div>after the decentralization movements started with the 73rd and 74th constitutional amendments in 1992. The structure and trend of the </div> <div>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 </div> <div>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 </div> <div>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 </div> <div>reforms in that direction among these institutions. </div>