In the annals of India’s economic history, the Union Budgets presented under Prime Minister Narendra Modi’s leadership have consistently marked turning points, steering the nation toward unprecedented growth and self-reliance. As we approach the 2026 Union Budget, set to be unveiled on February 1, 2026, anticipation is at an all-time high. This budget, the ninth consecutive one under Finance Minister Nirmala Sitharaman, promises to be a cornerstone in realising the vision of Viksit Bharat by 2047—a developed India that stands as a global economic powerhouse. Building on the foundations laid by previous Budgets, which have propelled India from a fragile economy under the erstwhile Congress, to the fastest-growing major economy in the world, the 2026 Budget is poised to accelerate this momentum with innovative policies, strategic investments and inclusive reforms.

Under PM Modi’s stewardship, India has witnessed transformative changes. From the implementation of the Goods and Services Tax (GST 1.0 & 2.0) that unified the market to the Atmanirbhar Bharat initiative that boosted domestic manufacturing, each step has been geared towards sustainable development. The economy has rebounded strongly post-pandemic, with real GDP growth estimated at 7.4 per cent for FY 2025-26, surpassing earlier projections of 6.5 per cent. This resilience is a testament to the government’s proactive measures, including record capital expenditure (capex) and targeted fiscal stimulus. The 2026 Budget will likely build on this by setting a fiscal deficit target of 4.3 per cent or thereabouts for FY27, ensuring fiscal discipline while fuelling growth.

What makes this budget path-breaking is its holistic approach: blending economic prudence with social equity, technological innovation with traditional sectors, and global ambitions with local empowerment. It will not just allocate funds but redefine India’s developmental trajectory, making it more inclusive, innovative, and invincible. At the heart of this optimism is PM Modi’s unwavering commitment to ‘Sabka Saath, Sabka Vikas, Sabka Vishwas’—inclusive growth that leaves no one behind. Pre-budget consultations, involving economists, industry leaders, farmers, start-ups, and state representatives, have been extensive, ensuring diverse voices shape the policy framework. These discussions highlight priorities like job creation, infrastructure boost and tax reforms, all aligned with making India a $5 trillion economy sooner than anticipated. As the world grapples with geopolitical uncertainties, India’s Budget will showcase its ability to thrive amidst challenges, drawing praise from international bodies like the IMF, which credits Modinomics for reforms and public investments.

This Budget will be path-breaking because it embodies a forward-looking vision, turning aspirations........

© News18