Union Finance Minister Nirmala Sitharaman stated that the Government of India does not see any need to revise the Union Budget estimates despite global geopolitical tensions and weather-related risks. She said the Budget includes adequate fiscal buffers to manage inflationary pressures, rising import costs, and other economic uncertainties.

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• Union Finance Minister Nirmala Sitharaman said there is no need to revise the Union Budget estimates at present.
• She stated that the Budget contains adequate fiscal buffers to address global economic uncertainties.
• The government has made provisions to manage the impact of rising crude oil prices.
• Budgetary support has also been kept for higher fertiliser import costs.
• The government will continue providing fertilisers to farmers at the same subsidised price despite higher import costs.
• Additional buffers have been created to absorb higher shipping and logistics costs arising from global developments.
• The Finance Minister said inflation can result from both global factors and domestic factors.
• She noted that weak or uneven monsoon rainfall can increase food inflation.
• The impact of El Niño on rainfall was highlighted as a potential inflationary risk.
• The government believes the existing Budget provisions are sufficient to handle these challenges.
• The Finance Minister said private sector investment has started improving.
• She noted increased investments in sectors supporting the Atmanirbhar Bharat and Viksit Bharat initiatives.
• The government invited industry to engage with it to identify areas requiring further policy support and facilitation.
• She said India’s economy continues to show broad-based growth and resilience despite global challenges.
• Key indicators such as GST collections, exports, e-way bills, electricity demand, digital payments, and vehicle sales continue to reflect sustained economic growth.