Centre starts discussions on budget

the effect of cooling inflation on nominal Gross Domestic Product (GDP) growth and consequently, tax revenue.

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Budget FY27 may include the policies outlined in Prime Minister Narendra Modi's Independence Day speech this year.

(PT)

Discussions with 12 departments and agencies, including with the ministries of steel, Panchayati Raj and minority affairs, have been completed by 10 October.

A ministry schedule also showed that as many as 96 meetings are planned with different departments and agencies, to be completed by 10 November.

Once these discussions are over, Sitharaman is expected to begin consultations from the third or fourth week of November.

Besides reforms, Budget FY27 is also expected to reflect other policy priorities outlined by Prime Minister Narendra Modi in his Independence Day speech this year—technology sovereignty, self-reliance across sectors and greater domestic capabilities in fields like defence and overall inclusive growth, the second person added.

Experts pointed out that in view of the uncertainty around US tariffs, measures to support the domestic industry are likely.