Country: | India |
Previous Budget: | 1997 Union budget of India |
Previous Year: | 1997 |
Next Budget: | 1998 Union budget of India |
Next Year: | 1998 |
Submitter: | P. Chidambaram, Finance Minister |
Presented: | 28 February 1997 |
Parliament: | Indian Parliament |
Party: | United Progressive Alliance |
Url: | http://indiabudget.nic.in |
The 1997 Union Budget of India, also called the Dream Budget by the Indian media, was presented on 28 February 1997, by Finance Minister P. Chidambaram in the Deve Gowda government.[1] The budget presented a road map for economic reforms in India and included lowering income tax rates, removal of the surcharge on corporate taxes, and reduced corporate tax rates.[2]