The following booklet titled, “The Union Budget 1977-78” was published in July, 1977. The Union Budget was presented against the background of sluggish economic growth, rising inflation rates and widespread unemployment. The author, N. A. Palkhivala, discusses the challenges posed by the state of the Indian economy at the time and how the budgetary allocations sought to resolve them. This text provides the reader with an insight into the objectives inscribed in the Janta Party’s manifesto, which shaped the spirit of the budget. It included various schemes to accelerate the development of self-reliant, indigenous technologies, small-scale and rural industries, while prioritising agriculture and providing employment opportunities. The author not only summarises the key elements of the Union Budget, but he also addresses the criticisms against the budget. The contents of this booklet were derived from The Illustrated Weekly of India.