As India gears up for its Union Budget, analysts foresee a balanced approach prioritizing fiscal consolidation, economic steadiness, and tech-driven growth. In a detailed conversation, Anit Mukherjee from ORF America predicted the budget will build on current strategies without major disruptions, befitting the government’s mid-term phase.

‘Continuity will be the hallmark,’ Mukherjee stated, referencing ongoing reforms like the overhaul of rural job programs. Transitioning from MGNREGA’s cash handouts to livelihood promotion marks a significant yet measured step. This update addresses the evolving demands of India’s economy, which has transformed since the scheme’s inception nearly 20 years ago.

Fiscal resilience looks promising, with revenue upticks possible post-GST cuts. Trade stability provides a solid base, and Mukherjee advocates pivoting to new markets to mitigate global shifts. Reducing reliance on certain traditional partners could improve external balances.

Investments in high-tech realms such as AI are non-negotiable for maintaining India’s edge. Rural scheme enhancements involve better data management and state autonomy, all while upholding the guarantee of work during lean agricultural periods—especially relevant in a climate-vulnerable era.

US tariff policies are already biting, but domestic safeguards are in place. Mukherjee expressed hope for a free trade agreement with the US, which could invigorate markets. Overall, the budget is poised to reinforce core economic objectives, driving long-term prosperity through strategic focus.