Will PM Modi Consult Leading Economists Before Budget 2026-27?
Synopsis
As the Union Budget 2026-27 approaches, Prime Minister Modi’s upcoming meeting with top economists and experts highlights the government’s commitment to incorporating expert opinions into economic planning. This crucial dialogue aims to address pressing economic challenges and set a course for future growth amidst uncertainties.
Key Takeaways
PM Modi is consulting with leading economists ahead of the Union Budget.
Key figures from Niti Aayog will participate in the discussions.
The budget presentation is scheduled for February 1.
Fiscal strategies proposed by CII aim for sustainable economic growth.
Engagement with various sectors is crucial for comprehensive policy making.
New Delhi, Dec 30 (NationPress) In preparation for the Union Budget 2026-27, Prime Minister Narendra Modi is scheduled to convene with prominent economists and specialists on Tuesday to gather their insights.
This gathering is part of the government's continuous dialogue ahead of significant economic decisions for the upcoming Union Budget. Attendees will include not just economists but also Niti Aayog Vice Chairman Suman Bery, NITI Aayog CEO BVR Subrahmanyam, and various other members, as indicated by officials.
The meeting aims to create a space for these experts to share their analyses regarding the current economic landscape of the country.
Finance Minister Nirmala Sitharaman is expected to unveil the Budget on February 1, amidst geopolitical uncertainties and US tariffs.
She has previously engaged with economists, trade union representatives, and labor groups to lay the groundwork for the Union Budget 2026-27.
These discussions are part of the ministry’s annual stakeholder engagement initiative. Recent dialogues have also involved stakeholders from various sectors, including banking, hospitality, IT, and startups. Extensive discussions are underway focusing on stimulating growth and generating more employment and income within the agriculture, MSME, and manufacturing sectors.
Additionally, the CII has suggested a four-pronged fiscal approach ahead of the Union Budget 2026-27, which encompasses debt stability, fiscal transparency, revenue mobilization, and expenditure efficiency.
According to a statement from CII, the foundation of this strategy is compliance with the government's debt glide path, aiming for 50 percent (plus or minus 1 percent) of GDP by FY31.
Maintaining Central debt at approximately 54.5 percent of GDP and the fiscal deficit at 4.2 percent of GDP in FY27 is critical for upholding macroeconomic credibility while fostering growth.
Point of View
We recognize the importance of expert consultations in shaping economic policy. Engaging with economists and sector specialists not only enhances transparency but also fosters a more inclusive decision-making process, ensuring that various segments of the economy are considered. This approach is paramount for sustaining growth and addressing the challenges faced by multiple sectors.
NationPress
20 Jun 2026
Frequently Asked Questions
What is the purpose of PM Modi's meeting with economists?
The meeting aims to gather insights from top economists and experts to inform key economic decisions ahead of the Union Budget 2026-27.
When is the Union Budget 2026-27 expected to be presented?
Finance Minister Nirmala Sitharaman is expected to present the budget on February 1.
Who are some of the key attendees at the meeting?
Attendees include Niti Aayog Vice Chairman Suman Bery, NITI Aayog CEO BVR Subrahmanyam, and various sectoral experts.
What are the main topics being discussed in the pre-budget meetings?
Discussions focus on growth stimulation, job creation, income generation, and fiscal strategies for the upcoming budget.
What fiscal strategy has the CII proposed?
The CII has proposed a four-pronged fiscal strategy focusing on debt stability, fiscal transparency, revenue mobilization, and expenditure efficiency.
