In a resounding endorsement, Union Minister Hardeep Singh Puri declared the Union Budget 2026-27 a mirror to India’s evolved economy, brimming with confidence post-2014 reforms. Speaking to journalists in Dehradun on Saturday, he described the fiscal blueprint as a masterclass in balancing aggressive development with prudent fiscal management.
India’s ascent from the ‘Fragile Five’ label to the fourth-largest global economy—and a beacon of steady growth—forms the backdrop of this budget, Puri observed. It reinforces the groundwork of the last decade, positioning the nation for elevated global influence.
With consumption and investments firing on all cylinders, FY2026 GDP growth is forecasted at 7.4%, dwarfing the world’s projected 3% rate. This streak cements India’s status as the premier fast-growing powerhouse among major economies for the fourth year running.
Inflation management stole the spotlight next. India led major economies with a 1.8% drop in 2025, averaging 1.7% from April to December due to softening vegetable and pulse prices. This low-inflation environment stands in stark contrast to peers in developed and emerging markets.
Puri detailed the capex revolution since 2014: ₹12.2 lakh crore allocated for 2026-27, a 430% jump from 2013-14 levels. Highway funding ballooned 500%, defense over 210%, health nearly 176%, and education beyond 110%. ‘Infrastructure is now our growth accelerator,’ he affirmed, citing how each rupee on highways yields ₹3.2 in GDP—a testament to strategic spending’s power.
As global uncertainties loom, this budget exudes maturity, paving India’s path to sustained prosperity and leadership.