The fifth Sustainable Development Goal mandates that India close its gender gap by 2030. An evaluation of gender budgeting as a whole and a diverse range of gender-sensitive interventions under the same (2005–06 to 2020–21) reveals severe shortcomings. First, a low and declining trend has been found in the shares of gender budgeting to total government expenditure, and women-specific schemes to total funds for gender budgeting. Second, the allocation of total funds for various schemes is either stagnating or declining, with some having received no funds over the last two consecutive years. Problems of design too persist, all contributing to a significant gender gap for Indian women vis-à-vis their male counterparts.