Budget 2o24: India's first interim budget in 1947, presented by RK Shanmukham Chetty, addressed economic challenges caused by Partition, including foodgrains shortage and high imports. It resulted in a depletion of forex reserves, restrictions on import of essential items, and supply-side inflation. Morarji Desai's interim budgets in 1962 and 1967 were presented after general elections. In the 1950s, CD Deshmukh and TT Krishnamachari addressed deficits in foodgrains, balance of payments, and the closure of the Suez Canal. Read The Rest at :