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PM Modi Consults Top Economists Ahead of Crucial Budget 2026-27

Prime Minister Narendra Modi is holding a key meeting with top economists and experts to gather inputs ahead of the Union Budget 2026-27. The consultations focus on assessing the current economic situation and strategies for growth, particularly in agriculture, MSMEs, and manufacturing. This follows Finance Minister Nirmala Sitharaman's own series of pre-budget meetings with various stakeholders, including industry bodies. Meanwhile, industry chamber CII has proposed a fiscal roadmap emphasizing debt stability and transparency, targeting a central debt of 54.5% of GDP by FY27.

Key Points: PM Modi Meets Economists Before Budget 2026-27

  • Pre-Budget Consultations
  • Fiscal Strategy & Debt Path
  • Growth in Agriculture & MSMEs
  • Geopolitical & Tariff Challenges
2 min read

PM Modi to meet top economists, experts ahead of Budget 2026-27

PM Modi meets top economists for pre-budget consultations. Focus on growth, jobs, and fiscal strategy amid global uncertainties ahead of Budget 2026-27.

"Maintaining Central debt at roughly 54.5 per cent of GDP and the fiscal deficit at 4.2 per cent of GDP in FY27 will preserve macro credibility while supporting growth. - CII Statement"

New Delhi, Dec 30

Ahead of the Union Budget 2026-27, Prime Minister Narendra Modi is set to meet top economists and experts on Tuesday to seek their views.

The meeting is being held as part of the government's ongoing consultations ahead of key economic decisions in the next Union Budget. Besides economists and sectoral experts, Niti Aayog Vice Chairman Suman Bery, NITI Aayog CEO BVR Subrahmanyam and other members were also likely to attend the meeting, according to officials.

The meeting with PM Modi is set to serve as a platform for economists and experts to share their views and assessments on the country's current economic situation.

Finance Minister Nirmala Sitharaman is likely to present the Budget on February 1, amid geopolitical uncertainties and US tariffs.

She has held several consultations with economists, representatives of trade unions and labour organisations as part of the groundwork in the run-up to the Union Budget 2026-27.

The meetings were part of the ministry's annual stakeholder engagement process. Similar pre-budget discussions have been held with representatives of other sectors as well in recent days, such as banking, hospitality, IT and startups. Intensive discussions have also been held on pushing growth and creating more jobs and incomes in the agriculture, MSME and manufacturing sectors.

Meanwhile, apex business chamber CII has proposed a four-pronged fiscal strategy ahead of the Union Budget 2026-27 that includes debt stability, fiscal transparency, revenue mobilisation and expenditure efficiency.

According to a CII statement, at the core of the roadmap is adherence to the government's debt glide path targeting 50 per cent (plus or minus 1 per cent) of GDP by FY31.

Maintaining Central debt at roughly 54.5 per cent of GDP and the fiscal deficit at 4.2 per cent of GDP in FY27 will preserve macro credibility while supporting growth.

- IANS

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Reader Comments

S
Sarah B
The CII's proposal for fiscal transparency and a debt glide path sounds very responsible. In the current global climate, maintaining macro credibility is key to attracting investment. Hope the budget balances fiscal prudence with the need for social spending.
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Priya S
While consultations are welcome, I hope they are listening to voices beyond just economists and industry chambers. What about the common middle-class family struggling with inflation? The budget needs to provide real income tax relief and control prices of essentials. 🛒
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Aman W
Agriculture sector needs serious attention. Farmers' income has not increased proportionally. Need more than discussions - we need a clear roadmap for MSP, better storage facilities, and direct market access. Jai Kisan! 🙏
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Karthik V
The mention of IT and startups is positive. As someone in the tech space, we need policies that encourage R&D investment and simplify ESOP taxation. Also, more support for deep-tech and semiconductor manufacturing would be a game-changer for Atmanirbhar Bharat.
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Nisha Z
Respectfully, I hope this isn't just a formality. Past budgets have had great proposals but implementation at the ground level, especially for women entrepreneurs and in rural areas, has been slow. Action speaks louder than pre-budget meetings.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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