The Union Budget 2026, presented amid global economic uncertainties, is viewed as a steady continuation of India’s reform process. According to the opinion piece by Prashant Kumar, the Budget’s assumptions are realistic and supportive of long-term growth, aligning with the vision of Viksit Bharat by 2047.

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• Budget continues economic reforms of previous years
•  Goal to achieve higher, sustained economic growth
•  Vision aligned with Viksit Bharat by 2047
•  Economy recorded 8% real growth in H1 FY26
•  Growth expected to moderate in FY27
•  Economic Survey projects FY27 growth at 6.8–7.2%
•  Potential growth revised upward to 7% due to reforms
•  Budget assumes 10% nominal GDP growth
•  Higher nominal growth supports stronger tax collections
•  Fiscal deficit target set at 4.3% of GDP for FY26