(Budget) Economic stability, financial discipline, continuous progress and low inflation are the identity of the country: Sita Raman

Union Finance Minister Nirmala Sitharaman presented the Central Budget for the ninth consecutive time on Sunday. Presenting the Central Budget 2026-27, she said, "Since we took power 12 years ago, the country's economic condition has been marked by stability, fiscal discipline, sustained growth, and low inflation. We have made thoughtful decisions even in uncertain and difficult times."
Sitharaman said, "With self-reliance as our guiding principle, we have enhanced domestic manufacturing capabilities, promoted energy conservation, and reduced dependence on essential imports. We have also ensured that citizens benefit from every government initiative. Reforms have been initiated to generate employment, increase agricultural production, and improve domestic purchasing power, and their global growth rate has reached almost 7 percent and 7 percent globally. It has significantly contributed to reducing poverty and improving the lives of our people."
To accelerate and sustain economic growth, "I propose to undertake reforms in six areas: promoting manufacturing in seven strategic sectors; revitalizing old industrial areas; formation of champion MSMEs; promoting infrastructure; ensuring long-term security and sustainability; and developing urban economic zones."
The Finance Minister said, "Today, we face an external environment where trade and multilateralism are under threat and access to resources and supply chains is limited. New technologies are transforming production systems, while the demand for water, energy, and critical minerals is increasing rapidly. As India moves forward with confidence towards a developed India, there is a need for balanced growth in aspirations and investment, India needs to increase investment and trade, be deeply integrated with global markets, export more, and attract stable long-term investment."
The Finance Minister said, "We will launch the India Semiconductor Mission 2.0 and also focus on industry-led research and training centers to develop technology and skilled manpower." Finance Minister Sitharaman presented the Central Budget for the ninth consecutive time. Earlier, the Cabinet headed by Prime Minister Narendra Modi approved the budget for the financial year 2026-27 on Sunday.