Economy’s fundamentals strong, Budget aligns with Viksit Bharat 2047 goals, says Sitharaman

Finance minister Nirmala Sitharaman on Monday said India’s economic fundamentals remain strong and that Budget planning has been aligned with the long-term vision of Viksit Bharat 2047. Citing assessments by domain experts, Sitharaman said the Indian economy is well placed despite global uncertainties that continue to influence decision-making.

She said such uncertainty had to be factored into Budget preparation, not just for the current year but also with an eye on the next five years and beyond.

“The Indian economy’s fundamentals are absolutely strong. The extent of uncertainty impacting decision-making is something we have not seen before, and we had to keep that in mind,” Sitharaman said.

She added that Budget planning was undertaken by factoring in immediate priorities, the five-year outlook relevant to the Finance Commission, and the broader Viksit Bharat 2047 goals. “It is not just tax proposals that will take us to the 2047 goals,” the finance minister said, underlining that policy planning extends beyond taxation measures.