How much money does Indian government have in total?
In financial year 2019, the total assets of the central government of India amounted for over 40 trillion Indian rupees, an increase from the previous year. It was estimated that the total assets would reach 48 trillion rupees by 2021.
How Much Does Indian government earn?
2018 Union budget of India
| Annual Financial Statement of the Central Government for the year 2018–19 The Appropriation Bill, 2018 The Finance Bill, 2018 | |
|---|---|
| Party | Bharatiya Janata Party (BJP) |
| Finance minister | Arun Jaitley |
| Total revenue | ₹2,399,147 crore (equivalent to ₹29 trillion or US$380 billion in 2020) |
How much money does the government have?
The government is estimated to hold as much as Rs 3.29 lakh crore in cash. The RBI does not publish updated government cash balances, but the figure can be derived from the central bank’s daily report on money market operations.
What is the richest government in the world?
- United States. 2019 Nominal GDP in Current U.S. Dollars: $21.43 trillion3
- China. 2019 Nominal GDP in Current U.S. Dollars: $14.34 trillion3
- Japan. 2019 Nominal GDP in Current U.S. Dollars: $5.08 trillion3
- Germany. 2019 Nominal GDP in Current U.S. Dollars: $3.86 trillion3
- India.
- United Kingdom.
- France.
- Italy.
How much India earns from taxes?
The Income Tax Department is the central government’s largest revenue generator; total tax revenue increased from ₹1,392.26 billion (US$18 billion) in 1997–98 to ₹5,889.09 billion (US$78 billion) in 2007–08. In 2018–19, direct tax collections reported by the CBDT were about ₹11.17 lakh crore (₹11.17 trillion).
Which country has highest revenue?
List
| Rank | Country | Revenues |
|---|---|---|
| 1 | United States | 5,923,829 |
| 2 | China | 3,622,313 |
| 3 | Germany | 1,729,224 |
| 4 | Japan | 1,666,454 |
Why is India’s economy growing so fast?
India, the other rapidly growing major economy, shows the same pattern as China. In summary, the world’s two most rapidly major growing economies, China and India, are both being driven by rapidly rising state investment while private investment shows very low growth or it is even falling.