R. K. Shanmukham Chetty

Finance Minister : R. K. Shanmukham Chetty  
Budget Year :1947

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R. K. Shanmukham Chetty

R. K. Shanmukham Chetty was an Indian lawyer, economist and politician who served as independent India’s first finance minister from 1947 to 1949. Due to his expertise in economics, Chetty presented the first Budget of independent India. Actually, it was a review of the economy and no new taxes were proposed  by him. Shanmukham Chetty is, today, remembered for presenting the first budget of independent India on November 26, 1947.

 

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