Chronological Timeline of Important Economic, Demographic & Policy Milestones in India

Chronological Order

1860

• April 7, 1860 – First Indian Budget presented by James Wilson (East India Company)

1901–1921

• Period of stagnant / stationary population growth in India

1921

• Known as Demographic Divide (or Great Divide) in India

1950–51

• First Economic Survey of India presented

1951–1981

• Period of population explosion in India

1961–1971

• Sharpest decline in sex ratio in India

1964

• Economic Survey delinked from Union Budget (earlier presented together)

1971

• Highest decadal population growth rate recorded

1972–73

• Balance of Trade favourable

1976–77

• Balance of Trade favourable

Early 1980s

• Sharp decline in atmospheric ozone levels begins

1994–95

• Service Tax introduced in India

2002–03

• Negative annual average growth rate of agriculture & allied sectors (constant prices)

2006–07

• First Economic Survey of Bihar

2008

• First Gender Budget of Bihar

2008–2012

• Bihar Agriculture Road Map – 1st phase

2011–12

• Effective Revenue Deficit introduced in Union Budget

2012–2017

• Bihar Agriculture Road Map – 2nd phase

2013–14

• First Tea Budget of Bihar

2017–2022

• Bihar Agriculture Road Map – 3rd phase

2019

• National Medical Commission Act, 2019 passed

September 25, 2020

• National Medical Commission Act came into force
  • Headquarters: New Delhi
  • Total members: 33

April 5

• Chosen as foundation-related day of National Centre for Polar and Ocean Research (NCPOR), Goa
  • Marks its 24th Foundation Day

2023–2028

• Bihar Agriculture Road Map – 4th phase