India, Dec 30 : Ahead of the Union Budget 2026–27, Prime Minister Narendra Modi will meet today with top economists and sector specialists to gather insights on India’s economic priorities and key policy measures. The meeting is part of the government’s ongoing pre-Budget consultation process, aimed at shaping fiscal and economic strategies for the upcoming financial year.
NITI Aayog Leadership Joins Discussion
Senior officials from NITI Aayog, including Vice Chairman Suman Bery, CEO BVR Subrahmanyam, and other members, are expected to participate in the deliberations alongside economists and domain experts. The discussion will provide a platform to assess the current economic situation and recommend measures to address emerging challenges across various sectors.
Union Budget 2026–27 Scheduled for February 1
Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget on 1 February 2026. Ahead of this, she has conducted multiple rounds of consultations with economists, trade unions, labor organisations, and representatives from key sectors including banking, hospitality, IT, and start-ups.
The pre-Budget talks have focused on boosting economic growth, generating employment, and raising incomes, with special emphasis on agriculture, MSMEs, and manufacturing sectors.
CII Recommends Four-Pronged Fiscal Strategy
The Confederation of Indian Industry (CII) has submitted a four-point roadmap for the Union Budget, highlighting debt stability, fiscal transparency, revenue mobilisation, and expenditure efficiency. CII emphasized that adhering to the government’s debt glide path, targeting 50% of GDP by FY31, is crucial for macroeconomic stability.
For FY27, the chamber recommended maintaining central government debt at around 54.5% of GDP and a fiscal deficit of 4.2% of GDP, balancing macro credibility with sustained economic growth.