As the world watches with bated breath, Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026 on Sunday, February 1. In a year marked by global trade volatility and shifts in international alliances, this budget isn't just a ledger of accounts—it's India's strategic blueprint to cement its position as the world's fourth-largest economy. Here is an analysis of the key pillars and expectations defining the 2026-27 fiscal roadmap. 1. The Macro Picture: Growth Amidst Uncertainty The Economic Survey 2025-26 has set an optimistic tone, projecting a real GDP growth of 6.8% to 7.2% for the upcoming fiscal year. While this is a slight moderation from the 7.4% estimated for FY26, it remains the highest among major global economies. * Fiscal Consolidation: The government is expected to stick to its glide path, aiming for a fiscal deficit target of 4.4% of GDP. * The "Swadeshi" Strategy: A key theme this year is "Strategic Swadeshi"—a th...
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