India, a land of vibrant culture and entrepreneurial spirit, thrives on the ingenuity and resourcefulness of its people. Amidst the bustling streets and urban landscapes, there lies a significant yet often overlooked segment of the economy – home-based enterprises. These businesses, operated from the comfort of one's home or nearby premises, constitute a crucial component of India's economic fabric, contributing to employment, productivity, and overall economic growth. 1. Evolution of Home-Based Workforce Over the past few decades, the landscape of home-based enterprises in India has witnessed both growth and flux. According to data sourced from the National Sample Survey, the number of home-based workers stood at approximately 47.14 million in 2004-05. This figure saw a modest increase to 49.20 million by 2011-12. However, a noticeable decline was observed in 2017-18, with the estimated count dropping to 41.85 million. Despite this fluctuation, home-based work consis
The recently unveiled budget for the fiscal year has earmarked significant allocations for key ministries, reflecting the government's priorities and focus areas. The Ministry of Agriculture and Farmer's Welfare leads with a substantial ₹6.2 Lakh Crore, emphasizing the paramount importance of the agricultural sector. Other notable allocations include ₹2.55 Lakh Crore for Defence, ₹2.78 Lakh Crore for Communications, and ₹2.13 Lakh Crore for Road Transport and Highways. These figures underscore the government's commitment to various sectors crucial for national development and welfare.
| Ministry | Allocation (in ₹ Lakh Crore) |
|---|---|
| Ministry of Defence | 2.55 |
| Ministry of Road Transport and Highways | 2.13 |
| Ministry of Railways | 1.68 |
| Ministry of Consumer Affairs, Food & Public Distribution | 2.03 |
| Ministry of Home Affairs | 1.77 |
| Ministry of Rural Development | 1.37 |
| Ministry of Chemicals and Fertilizers | 1.68 |
| Ministry of Communications | 2.78 |
| Ministry of Agriculture and Farmer's Welfare | 6.2 |
These figures represent the budget allocations for the specified ministries in ₹ Lakh Crore.
Budget At Glance
| 2022-2023 Actuals | 2023-2024 Budget Estimates | 2023-2024 Revised Estimates | 2024-2025 Budget Estimates | |
|---|---|---|---|---|
| 1. Revenue Receipts | 2,383,206 | 2,632,281 | 2,699,713 | 3,001,275 |
| - Tax Revenue¹ | 2,097,786 | 2,330,631 | 2,323,918 | 2,601,574 |
| - Non-Tax Revenue | 285,421 | 301,650 | 375,795 | 399,701 |
| 4. Capital Receipts | 1,809,951 | 1,870,816 | 1,790,773 | 1,764,494 |
| - Recovery of Loans | 26,161 | 23,000 | 26,000 | 29,000 |
| - Other Receipts | 46,035 | 61,000 | 30,000 | 50,000 |
| - Borrowings and Other Liabilities² | 1,737,755 | 1,786,816 | 1,734,773 | 1,685,494 |
| 8. Total Receipts (1+4) | 4,193,157 | 4,503,097 | 4,490,486 | 4,765,768 |
| 9. Total Expenditure (10+13) | 4,193,157 | 4,503,097 | 4,490,486 | 4,765,768 |
| - On Revenue Account | 3,453,132 | 3,502,136 | 3,540,239 | 3,654,657 |
| - Interest Payments | 928,517 | 1,079,971 | 1,055,427 | 1,190,440 |
| - Grants in Aid for creation of Capital Account | 306,264 | 369,988 | 321,190 | 385,582 |
| - On Capital Account | 740,025 | 1,000,961 | 950,246 | 1,111,111 |
| 14. Effective Capital Expenditure (12+13) | 1,046,289 | 1,370,949 | 1,271,436 | 1,496,693 |
| 15. Revenue Deficit (10-1) | 1,069,926 | 869,855 | 840,527 | 653,383 |
| 16. Effective Revenue Deficit (15-12) | 763,662 | 499,867 | 519,337 | 267,801 |
| 17. Fiscal Deficit [9-(1+5+6)] | 1,737,755 | 1,786,816 | 1,734,773 | 1,685,494 |
| 18. Primary Deficit (17-11) | 809,238 | 706,845 | 679,346 | 495,054 |
Note: Figures in brackets represent percentages as a ratio to Gross Domestic Product
Transfer of Resources to States and Union Territories with Legislature" in ₹ Crore
| 2022-2023 Actuals | 2023-2024 Revised Estimates | 2024-2025 Budget Estimates | |
|---|---|---|---|
| I. Devolution of States share in taxes | 948,406 | 1,104,494 | 1,219,783 |
| II. Some Important Items of Transfer | 120,366 | 160,986 | 188,703 |
| - Assistance to States from NDRF | 1,666 | 7,000 | 11,474 |
| - Back to Back Loans to States in lieu of GST Compensation Shortfall | 0 | 0 | 0 |
| - Externally Added Projects - Grants | 4,698 | 5,000 | 8,000 |
| - Externally Aided Projects-Loan | 28,188 | 29,500 | 33,900 |
| - Schemes of North East Council | 20 | 28 | 29 |
| - Schemes under Provision to Article 275(1) of the Constitution | 977 | 907 | 1,300 |
| - Special Assistance as Loan to States for Capital Expenditure | 81,195 | 105,551 | 130,000 |
| - Special Assistance under the demand - Transfers to States | 2,271 | 13,000 | 4,000 |
| - Special Central Assistance to Tribal Area under the Demand - Ministry of Tribal Affairs | 1,352 | 0 | 0 |
| III. Finance Commission Grants | 172,760 | 140,429 | 132,378 |
| - Grant for local bodies - Urban Bodies | 17,779 | 19,222 | 25,653 |
| - Grant for local bodies - Rural Bodies | 45,578 | 40,778 | 49,800 |
| - Grants for Health Sector | 3,309 | 4,000 | 6,004 |
| - Grants for Incubation of new Cities | 0 | 200 | 500 |
| - Grants for shared Municipal Services | 0 | 90 | 250 |
| - Grants-in-Aid for SDRF | 16,393 | 19,573 | 20,550 |
| - Grants-in-Aid for State Disaster Mitigation Fund | 3,500 | 4,893 | 5,138 |
| - Post Devolution Revenue Deficit Grants | 86,201 | 51,673 | 24,483 |
| IV. Total Transfer to States [Other than (I)+(II)+(III)] | 566,884 | 636,300 | 681,400 |
| - Under Centrally Sponsored Schemes (Revenue) | 405,918 | 439,314 | 479,526 |
| - Under Central Sector Schemes (Revenue) | 12,867 | 64,172 | 58,938 |
| - Under Other Categories of Expenditure (Revenue) | 148,098 | 132,712 | 142,833 |
| - Capital Transfers | 2 | 101 | 103 |
| V. Total Transfer to Delhi, Puducherry and Jammu & Kashmir | 56,199 | 56,757 | 52,277 |
| - Under Centrally Sponsored Schemes (Revenue) | 7,055 | 10,162 | 10,343 |
| - Under Central Sector Schemes (Revenue) | 362 | 287 | 219 |
| - Under Other Categories of Expenditure (Revenue) | 48,782 | 46,308 | 41,715 |
| - Capital Transfers | 0 | 0 | 0 |
| Total Transfer to States/UTs | 1,864,615 | 2,098,966 | 2,274,541 |