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India , Sunday 31 May 2026

Why does India’s financial year start from 1st April and not 1st January? Explained

Published on: Wednesday 01 April 2026

Why does India’s financial year start from 1st April and not 1st January? Explained India's financial year runs from April to March, aligning with agricultural cycles and administrative needs. This structure, inherited from British traditions, remains practical for government budgeting and rural economic planning.


News source: https://www.livemint.com/market/stock-market-news/new-financial-year-2026-27-why-india-s-financial-year-starts-from-1st-april-1-and-not-1st-january-explained-11775018947738.html

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