What Is A Black Budget? The Story Of India's 1973 Financial Crisis And How We Survived It

The 1973-74 Union Budget is remembered as the Black Budget due to an unprecedented 550 crore rupee deficit. Presented by Yashwantrao B. Chavan under Indira Gandhi’s government, it reflected a nation struggling with war aftermath, drought, and food shortages. The budget led to the nationalization of coal mines and massive