Modi govt's development drive: Top welfare schemes that received the biggest boost
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The allocation of the Union Budget under key schemes has seen robust growth in recent years, reflecting the government’s focus on targeted welfare and development initiatives. For FY25, the total budgeted expenditure is estimated at ₹48,20,512 crore, a 7.3% increase from the revised estimates of FY24. Out of this, ₹20,22,153.8 crore — around 42% — is allocated to various schemes, marking a 6% increase over FY24 revised estimates.
Among the big-ticket allocations, the Pradhan Mantri Garib Kalyan Anna Yojana takes the lion’s share, followed by the Mahatma Gandhi National Rural Employment Guarantee Programme. Whether the FY26 Budget retains the balanced approach, prioritising welfare, amid growth challenges, remains to be seen.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
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