Preparations for Union Budget intensified: PM Modi will discuss with the country’s top economists and experts

New Delhi, 30 December. Before the Union Budget 2026-27, Prime Minister Narendra Modi is going to meet well-known economists and experts of the country on Tuesday. In this meeting he will know their opinion and suggestions regarding the budget. This meeting is part of the discussions being held by the government before the budget. Apart from economists and experts from different fields, NITI Aayog Vice Chairman Suman Berry, NITI Aayog CEO B.V.R. Subramaniam and other members may also attend. The objective of this meeting is to know the views of experts on the current economic situation of the country, so that the government can take right economic decisions.

Union Finance Minister Nirmala Sitharaman may present the budget on February 1. This budget will come at a time when there are geopolitical tensions in the world and issues like US tariffs. The Finance Minister has already discussed with many economists, trade unions and labor organizations for the preparation of the budget. These meetings are held every year before the budget. In recent times, the government has also held talks with representatives of sectors like banking, hotels, IT and startups. Apart from this, promoting development in agriculture, small and medium enterprises (MSME) and manufacturing sectors and increasing employment and income have also been discussed.

Meanwhile, the country’s largest industry organization CII (Confederation of Indian Industry) has given four main suggestions for the Budget 2026-27. These include controlling debt, transparency in government expenditure, raising more revenue and managing expenditure properly. According to CII, the government aims to keep the country’s debt at around 50 percent of GDP by fiscal year 2031. The organization says that if the central government’s debt is kept at around 54.5 percent of GDP and deficit at around 4.2 percent in the financial year 2027, then this will maintain confidence in the economy and will also support development.