An international report on budget transparency places India at a middling level globally and next only to Bangladesh in South Asia. The report, which looks at 2013-14, the last year of the UPA, gave India a score of 46 on 100, just slightly better than the average of 45 for all the countries surveyed.

The report, Open Budget Survey 2015, brought out by the International Budget Partnership, evaluates countries on the transparency of their budgeting process on several counts under three major heads - public participation, oversight by the legislature and oversight by audit. India scores an impressive 75 on 100 in oversight by audit, but performs poorly on the other two counts. In particular, on public participation, India's score was a mere 19 on 100.

On top of the list was New Zealand with a score of 88. Sweden, South Africa, Norway and the United States all scored in the eighties. Among the BRICS nations , apart from South Africa, Brazil with 77 and Russia with 73 had scores well above India's, but China with a score of just 14 was judged to have among the least transparent budget processes.

India's score is a significant dip from the 62 it scored in an earlier round of the same survey in 2012. However, the sharp drop is largely on account of temporary factors like the mid-year review and the year-end report not being presented in time.

These delays could be attributed to changes in personnel (like Raghuram Rajan moving from the chief economic advisor's job to head the RBI and his replacement taking time), which is why they are seen as a temporary regression. The report does make the point, though, that while the regressions may be temporary and the rebound from them quick, they highlight what can happen "when the mechanics of publishing documents on time are not sufficiently institutionalized".

Had India retained its score of 62 it would have been among the better countries globally and comfortably led in South Asia.

The research for the survey was done by 102 research and civil society organizations working around the world. The organization doing the research for India was the Centre for Budget and Governance Accountability (CBGA), an NGO advocating greater transparency and accountability in budget making in India.