In a country where a poor child who sells tea becomes the Prime Minister one day while taking charge of the country, you can imagine who would have presented the first budget here. Very few people would know this thing and would be surprised to know that the person who presented the country’s first budget was also a simple cap seller.

Yes, the first budget of our country was presented years ago. The history of budget making in the country is older than independence. India became independent on 15 August 1947 while the first budget was presented many years back in 1860.

In fact, with the beginning of next month, Finance Minister Nirmala Sitharaman is going to present the Union Budget 2023. At the same time, a question is coming in everyone’s mind that who would have presented the first budget of India.

Scottish economist Williamson was interested in commerce

The country’s first budget was presented by a Scottish economist named James Wilson, a scion of a hatter’s family. James Wilson himself used to do the same in his childhood but due to his extraordinary powers, he reached a stage in his life where he got the opportunity to present the country’s first budget.

James Wilson is said to have had an interest in economics and commerce. In 1860, James Wilson was the finance member of the Indian Council. Apart from presenting the country’s first budget, James Wilson’s name is also known as the founder of Chartered Bank of India, Australia and China.

Who Was James Wilson?

James Wilson is considered one of the greatest economists in history. Given his incomparable knowledge, he was appointed as the Secretary of the Board of Control 100 years before India’s independence. James left this world in 1860.