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While the Union Budget 2026–27 stands as a defining moment in the beginning of the second quarter of the 21st century, it reflects the visionary and decisive leadership of Prime Minister Shri Narendra Modi in leading India towards the goal of a ‘Viksit Bharat’. Presented by Finance Minister Smt. Nirmala Sitharaman, this Yuva Shakti-driven Budget is firmly anchored in the Prime Minister’s guiding mantra of nation-first governance, blending bold economic transformation with unwavering fiscal responsibility. While presenting a total expenditure of Rs. 53,47,315 crore—marking a 7.7 per cent increase, the Budget gives fresh momentum to growth while advancing the vision of ‘Atmanirbhar Bharat’. The provision for strategic investments in infrastructure, manufacturing, innovation and human capital reaffirm the government’s commitment to empowering India’s youth, strengthening domestic capacities and generating sustainable employment across the country. It is noteworthy that the government’s disciplined approach to macroeconomic management has led to reduction of the fiscal deficit to 4.3 per cent of GDP clearly shows a credible path of fiscal consolidation, ensuring that development remains resilient and future-ready. The expansion of opportunities while safeguarding stability, the Union Budget 2026–27 embodies the spirit of Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas and reinforces India’s emergence as a stable, trusted and rapidly advancing economic growth engine in an increasingly uncertain global environment.
It is to be noted that under the strong and dynamic leadership of Prime Minister Shri Narendra Modi, India has firmly emerged as the fastest-growing major economy in FY26, recording 7.4% GDP growth and 7.3% GVA growth. The Economic Survey 2025–26 underscores the Modi government’s reform-led growth strategy, highlighting macroeconomic stability, resilient domestic demand, and capex-driven expansion. It emphasises private investment revival, productivity-led employment, digital public infrastructure, and fiscal prudence, positioning India firmly on the global map. As the growth is decisively driven by domestic demand, with robust private consumption and investment, the services lead, industry accelerates, and agriculture remains resilient through allied sectors. The government’s strategy of CAPEX-led growth, tax buoyancy, subsidy rationalisation, and financial-sector clean-up has strengthened banks, expanded MSME credit, and revived private confidence. India’s rise as a manufacturing, digital, and services powerhouse, progress on
The Budget is presented within the unflinching commitment to three ‘Kartavyas’, it further emphasises the fact that the idea of duty in the functioning of Modi governments considers governance as duty and government as a vehicle to serve the people
climate commitments, and record exports further show the Modi government’s shift from dependence to strategic resilience and global indispensability, anchored in strong state capacity and reform-driven governance. The Sixteenth Finance Commission reflects the Modi government’s vision of cooperative federalism as shared national responsibility, not competitive bargaining. By retaining states’ share in the divisible pool at 41%, it reaffirms the Union’s commitment to strong States even as the Centre shoulders critical duties of defence, infrastructure, and national security.
As the overall theme of the Budget is presented within the unflinching commitment to three ‘Kartavyas’, it further emphasises the fact that the idea of duty in the functioning of Modi governments considers governance as duty and government as a vehicle to serve the people. The last eleven years have recorded unprecedented achievements and accomplishments transforming every sector and every sphere of life heralding an era of enormous growth. It was possible because the Prime Minister of the country became a ‘Pradhan Sevak’ of the people while inspiring the nation towards higher goals and leading the people amid adversities including the Covid-19 pandemic, but every challenge was converted into opportunity. While the Finance Minister Smt. Nirmala Sitharaman should be congratulated for presenting her ninth consecutive budget, it may be said the Budget- 2026-27 will play a pivotal role in paving the path of ‘Viksit Bharat’.