GOVERNMENT
OF INDIA
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GOVERNMENT
OF INDIA
The Government of India incur expenditure on various items. The major items of the expenditure in Indian Government budget are: interest payments, subsidies and defence expenditure.
The expenditure on Interest Payments by the Government of India was Rs. 99314 crores during the year 2000-01. It increased to Rs. 456145 crores during the year 2015-16 (BE) showing an increase of Rs. 356831 crores during the period from 2000-01 to 2015-16. In percentage terms, the overall growth was 359.3% during the period. The annual rate of growth in percentage terms was 23.95% during the period from 2000-01 to 2015-16.
The expenditure on Major Subsidies by the Government of India was Rs. 25860 crores during the year 2000-01. It increased to Rs. 243811 crores during the year 2015-16 (BE) showing an increase of Rs. 217951 crores during the period from 2000-01 to 2015-16. In percentage terms, the overall growth was 842.81% during the period. The annual rate of growth in percentage terms was 56.19% during the period from 2000-01 to 2015-16.
Defence Expenditure of the Government of India was Rs. 37238 crores during the year 2000-01. It increased to Rs. 152139 crores during the year 2015-16 (BE) showing an increase of Rs. 114901 crores during the period from 2000-01 to 2015-16. In percentage terms, the overall growth was 308.56% during the period. The annual rate of growth in percentage terms was 20.57% during the period from 2000-01 to 2015-16.
Note: Data Values are in Rs. Ten Million. BE : Budget Estimates. RE : Revised Estimates. Capital Expenditure does not include Expenditure in respect of Market Stabilization Scheme. Borrowings and other liabilities includes due drawn of cash balance. 1. Direct taxes also include taxes pertaining to expenditure, interest, wealth, gift and estate duty. 2. Major Subsidies excluding grants to NAFED for MIS/PPS. 3. The figures may not add up to the total because of rounding approximations. 4. GDP for BE 2015-16 has been projected at Rs. 14108945 Crore assuming 11.5% growth over the Advance Estimates of 2014-15 (Rs.12653762 crore) release by CSO. Source: Budget documents, Ministry of Finance and also published in statistical year book 2016 by MOSPI.