Part B at centre stage? Budget speech to break convention
New Delhi, Feb. 1 -- Finance minister Nirmala Sitharaman will break with tradition on Sunday when she delivers a Union Budget speech that places unprecedented emphasis on Part B of the document, government sources said, adding that the reading will be markedly different from those delivered over the past 75 years.
Sitharaman will present her record ninth consecutive Union Budget, with expectations high around reforms and planned government expenditure. However, unlike previous years where the speech largely focused on Part A - which outlines planned initiatives and sectoral strategies - this year's presentation is expected to devote significant time and detail to Part B, that typically contains tax and revenue-related proposals.
"Part B of the Budget speech will place strong emphasis on both short-term and long-term goals," sources said, adding that it would reflect India's economic vision and priorities as the country moves into the second quarter of the 21st century.
According to the sources, Part B will also offer a roadmap for showcasing India's local strengths on the global stage, highlighting the country's current capabilities as well as its future potential.
The second part of the Budget is expected to draw significant attention from economists and experts in India and around the world, given its broader implications for the economy and policy direction, the sources said.
The presentation of the budget for the April 2026 to March 2027 fiscal year will take place on Sunday, a first in the history of independent India.
The budget comes against a backdrop of international uncertainties. While domestic demand has remained steady and recent GDP growth reached a six-quarter high of 8.2%, the announcement comes amid geopolitical tensions, volatile commodity prices and uneven monetary easing by major central banks....
To read the full article or to get the complete feed from this publication, please
Contact Us.