First Indian Budget

First Indian Budget 

The Budget was first 

Mr Wilson

introduced in 

India on 7th April, 1860 

from East-

India Company to British 

Crown. The 

first Indian Budget was 

presented by 

James Wilson on February 

18, 1869. 

Mr Wilson was the Finance Member of the India Council 

that advised the Indian Viceroy. He was Scottish 

businessman, economist and Liberal politician. He 

foundedThe Economist and the Standard Chartered 

Bank.

But he was also a largely selftaught man who had worked in his family occupation making and selling hats, before becoming a scholar and a writer largely based on his brilliance and knowledge of economics and commerce.

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