Clear Cut Magazine

It’s your money… It’s your India… One word only: Welfare or Development?

Budget Trends: Welfare vs Capital Expenditure Recent Union budgets have explicitly favored capital investment. The table below summarizes Union spending; the capital (capex) share of total expenditure has climbed from ~17% in FY2022-23 to ~23% in FY2026-27. Revenue expenditure (salaries, subsidies, subsidies etc.) has grown more slowly. States, facing rising debt-to-GSDP ratios (>40% in some)…

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Strengthening India’s Gender Budget: Setting the Agenda for 2026–27

As India gets ready for the Union Budget 2026–2027, consultations between ministries and agencies have started. Bringing the Gender Budget, an important component of the country’s budgeting process back into the spotlight. The Gender Budget Statement (GBS) is a standard component of fiscal planning now. It is more important than ever in promoting gender-responsive governance….

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