India’s Budget evolution From briefcase to digital era

By Anshul

CNBC-TV18.com

Published Jan 30, 2024

India’s budget presentation has transformed from the traditional briefcase to the modern digital era, reflecting the nation’s evolving economic landscape.

Indian budget’s journey evolved from briefcase to bahi khata to tablet.

Budget Journey

The term ‘budget’ comes from ‘bougette’, a French word meaning leather briefcase.

Briefcase Origin

India inherited the tradition of carrying budget papers in a briefcase from the British.

Colonial Ritual

In 1860, UK budget chief William E Gladstone introduced the red Gladstone Bag.

Gladstone Bag

The original Gladstone Bag was retired from British service in 2010.

Bag Retirement

Unlike Britain, different Indian Finance Ministers used different briefcases.

India vs Britain

On Budget Day, India’s FM poses with the budget bag outside parliament.

Budget Day

In 1947, India’s first FM RK Shanmukham Chetty used a leather portfolio.

1947 Portfolio

From 1970 to 2019, Indian Finance Ministers used a hardbound briefcase.

Hardbound Briefcase

In 2019, FM Nirmala Sitharaman replaced the briefcase with a bahi khata.

Bahi Khata Era

Since 2021, the Union Budget has been presented in a digital format.

Paperless Budget

Budget documents are available on the ‘Union Budget Mobile App’ post-speech.

Budget App