| ATB | Auction Treasury Bill |
| AVGC | Animation, Visual effects, Gaming and Comics |
| BE | Budget Estimate |
| BFSI | Banking, Financial Services and Insurance |
| BRAP | Business Reform Action Plan |
| CAG | Comptroller and Auditor General |
| CGST | Central Goods and Services Tax |
| CO | Capital Outlay |
| CPI | Consumer Price Index |
| CSF | Consolidated Sinking Fund |
| DA | Dearness Allowance |
| DFM | Dynamic Factor Model |
| EPF | Employee Provident Funds |
| ESI | Employees’ State Insurance |
| EV | Electric Vehicle |
| FC-XV | Fifteenth Finance Commission |
| FDI | Foreign Direct Investment |
| FRL | Fiscal Responsibility Legislation |
| GDP | Gross Domestic Product |
| GFCF | Gross Fixed Capital Formation |
| GFD | Gross Fiscal Deficit |
| GMM | Generalised Method of Moments |
| GRF | Guarantee Redemption Fund |
| G-SAP | G-sec Acquisition Programme |
| GSDP | Gross State Domestic Product |
| GST | Goods and Services Tax |
| GVA | Gross Value Added |
| ICT | Information and Communication Technology |
| IP | Interest Payment |
| IRF | Impulse Response Function |
| IT | Information Technology |
| ITB | Intermediate Treasury Bill |
| ITeS | Information Technology enabled Service |
| LEADS | Logistics Ease Across Different States |
| ML | Maximum Likelihood |
| MSME | Micro, Small and Medium Enterprises |
| NITI | National Institution for Transforming India |
| NSO | National Statistics Office |
| NSSF | National Small Savings Fund |
| NSSO | National Sample Survey Organisation |
| OD | Overdraft |
| OMO | Open Market Operation |
| PA | Provisional Account |
| PD | Primary Deficit |
| PLFS | Periodic Labour Force Survey |
| PPP | Public Private Partnership |
| PVAR | Panel Vector Autoregression |
| QPE | Quality of Public Expenditure |
| R&D | Research and Development |
| RBI | Reserve Bank of India |
| RCO | Real Capital Outlay |
| RD | Revenue Deficit |
| RE | Revised Estimate |
| RECO | Revenue Expenditure to Capital Outlay |
| RR | Revenue Receipt |
| SDF | Special Drawing Facility |
| SDG | Sustainable Development Goal |
| SDL | State Development Loan |
| SFC | State Finance Commission |
| SGS | State Government Security |
| SGST | State Goods and Services Tax |
| SPV | Special Purpose Vehicle |
| TFP | Total Factor Productivity |
| UT | Union Territory |
| VAT | Value Added Tax |
| VGF | Viability Gap Funding |
| WAY | Weighted Average Yield |
| WMA | Ways and Means Advance |