Union Budget Release

The Union Budget Release features a statement of the government's economic vision and major policy initiatives aimed at increasing the country's prosperity. It is India's annual financial document that provides details of projected government revenues and expenditures for this particular fiscal year.

The Union Budget Release has a strong influence on the Indian Rupee quotes and on national indices. Almost always the release is followed by markets fluctuations, the nature of which depends on the rhetoric and the reaction of economists and politicians.