Union Finance Minister Nirmala Sitharaman initiated the preparatory process for the Union Budget 2026-27 on November 10, 2025, with a detailed consultation involving prominent economists in New Delhi. The session, chaired by the Finance Minister, included the Secretary of the Department of Economic Affairs, the Chief Economic Adviser, and senior officials from the Ministry of Finance. The discussions focused on assessing the prevailing macroeconomic environment and formulating strategies to enhance economic growth, investment, and fiscal consolidation.
Economists presented comprehensive analyses of key economic indicators, structural challenges, and policy priorities for the upcoming fiscal year. Recommendations encompassed measures to stimulate private investment, optimize public expenditure, and strengthen revenue mobilization. The dialogue underscored the need for a balanced approach to achieve sustainable growth while maintaining fiscal prudence amidst global uncertainties and domestic demands.
This meeting marks the commencement of an extensive series of pre-Budget consultations. Earlier in the day, the Finance Minister engaged with representatives of farmers’ associations, agricultural industries, and sector-specific economists. Further discussions are scheduled for November 12 with stakeholders from the micro, small, and medium enterprises (MSME) sector and manufacturing industries, focusing on credit availability, regulatory reforms, and initiatives to bolster domestic production.
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The consultations will continue with industry bodies, financial sector representatives, infrastructure experts, and social sector organizations in the coming weeks. These interactions are designed to incorporate diverse perspectives into the Budget formulation process, ensuring alignment with national economic objectives and sectoral requirements.
The Union Budget 2026-27, expected to be presented on February 1, 2026, will reflect insights gathered through this structured consultative framework. The outcome is anticipated to address critical areas such as employment generation, inflation management, capital expenditure, and inclusive development.
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