Stories

Each story follows one flow of money through the economy, step by step, with the map beside it. Every figure comes from the data and carries a label saying whether it is official, derived, estimated or set when the accounts were balanced.

• Where does your GST rupee go?

  From the till to the Centre and the States, and on to what governments spend on.

• How a remittance from Dubai moves through India

  Money sent home from abroad: where it comes from, which households receive it, and where it goes next.

• Who funds the government's deficit?

  From the Centre's dissaving to the banks, insurers and households whose money buys government bonds.

The stories describe one year, 2023-24, as the accounts record it. They use average shares, not forecasts or multipliers: what happens when one more rupee arrives is a question for the next phase of this project.