Will the Finance Minister Continue Pre-Budget Consultations with Industry Stakeholders This Week?
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Synopsis
The Finance Ministry is gearing up for a series of pre-Budget consultations ahead of the Union Budget 2026-27. Starting November 18, key discussions will involve various industry stakeholders, including the BFSI and IT sectors. Stay tuned as the Minister engages with economic leaders to shape the future budget.
Key Takeaways
- Finance Ministry resumes pre-Budget consultations from November 18.
- Meetings will involve stakeholders from various sectors.
- Key discussions will shape the Union Budget 2026-27.
- Previous meetings included prominent economists and industry leaders.
- Final consultations will take place on November 26.
New Delhi, Nov 16 (NationPress) The Finance Ministry is set to recommence its pre-Budget consultations for the Union Budget 2026–27 starting from November 18. This week-long engagement will involve various industry stakeholders. On the first day, there will be three significant meetings: one with capital market representatives, followed by discussions with startups, and concluding with the manufacturing sector.
On November 19, the focus will shift to the banking, financial services, and insurance (BFSI) sector, along with the information technology (IT) industry. The minister will meet with representatives from the hospitality and tourism industries on November 20, followed by labour unions. On November 21, stakeholders from infrastructure, energy, and urban development sectors will engage with the finance minister.
The consultations will culminate on November 26 with meetings involving internal officers and representatives from the social sector. Last week, Finance Minister Nirmala Sitharaman conducted the first pre-budget consultations with prominent economists in preparation for the upcoming Union Budget 2026-27.
The initial meeting saw attendance from Chief Economic Adviser (CEA) V. Anantha Nageswaran, alongside other economists and senior officials from the Department of Economic Affairs (DEA).
In a statement on X, the Ministry of Finance noted, “Union Minister for Finance and Corporate Affairs @nsitharaman chairs the first Pre-Budget Consultation with leading economists in connection with the upcoming Union Budget 2026-27, in New Delhi, today.” The meeting also included participation from the Secretary of the Department of Economic Affairs (DEA) @FinMinIndia and senior officials from the DEA.
Additionally, a pre-budget consultation was held with stakeholders from micro, small, and medium enterprises (MSMEs). “Union Minister for Finance and Corporate Affairs @nsitharaman chairs the third Pre-Budget Consultation with the stakeholders from Micro, Small and Medium Enterprises #MSMEs in connection with the forthcoming Union Budget 2026-27, in New Delhi, today,” the Ministry stated.
Union Minister of State for Finance, Pankaj Chaudhary, along with senior officials from the Ministry of Micro, Small and Medium Enterprises, also participated in this meeting.
Point of View
It is imperative to note the significance of these pre-Budget consultations. With various sectors poised to present their insights, the outcome could substantially influence economic policies for the upcoming financial year. It is essential for the government to maintain an open dialogue with industry stakeholders to ensure a balanced and informed budget that benefits the nation as a whole.
NationPress
16/11/2025
Frequently Asked Questions
What are pre-Budget consultations?
Pre-Budget consultations are meetings where the Finance Minister engages with various industry stakeholders to gather insights and expectations ahead of the Union Budget.
When do these consultations begin?
The pre-Budget consultations will commence on November 18 and continue for a week.
Which sectors will be represented?
Key sectors include capital markets, startups, BFSI, IT, hospitality, tourism, and more.
Why are these consultations important?
These consultations provide a platform for stakeholders to share their perspectives, which can help shape effective economic policies.
Who attended the first meeting?
The first meeting was attended by Finance Minister Nirmala Sitharaman, Chief Economic Adviser V. Anantha Nageswaran, and senior officials from the Department of Economic Affairs.
