PCI/PPP - ANNUAL BUDGET OF CENTRAL AND STATE GOVERNMENTS
(The first Indian Budget was presented by Mr James Wilson on February 18, 1869. He was the then Finance Member of India Council that advised the Viceroy) The ultimate aim of democracy or government is comfort of the people. The indicator of that comfort or economic development of the people is the annual budget. Budget is used as the criteria to measure the economic growth of a country, is evaluated and presented annually to the people. According to the assessment of the year 2020, the first three positions among the countries in the size of the budget is held by USA, China and India. As per the web source analysis the best 10 countries in PPP are, Germany, USA, Brazil, China, Japan, Australia, Canada, India, Indonesia and Russia. The per capita income is the average earning per country men every year. PCI is calculated by dividing the annual GDP of a country by it's population. When PPP indicates the purchasing power of the pe...