New Delhi, Feb. 1 -- India's former G20 Sherpa and ex-NITI Aayog CEO Amitabh Kant on Sunday highlighted how the Union Budget is "very responsible and fiscally prudent," saying it strikes the right balance between fiscal consolidation and long-term growth at a time of complex global geopolitics and disrupted supply chains.

While speaking with ANI, Kant said, "We are in very complex geopolitics. There is a breakdown of global supply chains and disruption worldwide. Amid this, the Union Budget is fiscally prudent and very responsible."

Addressing concerns around foreign portfolio investment outflows and stock market volatility, Kant downplayed short-term worries, attributing recent movements to a strengthening US dollar.

"India's focus sh...