UNION BUDGET 2026 EXPECTATIONS: Resilience, Efficiency & Prosperity

As Finance Minister Nirmala Sitharaman unveils Budget 2026, the nation demands more than routine allocations. Indian agriculture is at a historic inflection point.

- 

This Budget is expected to operationalise the Viksit Bharat 2047 vision, aiming to transform farming from a low-margin, input-heavy, staple-focused sector into a high-productivity, high-value, globally competitive engine. Economists, industry leaders, and multilateral agencies concur: Incremental tweaks have run out of runway, and structural reforms are imperative to bridge productivity gaps, restore soil and water health, and secure farmers' livelihoods.

Budget 2026 must signal a decisive move from blanket input subsidies to outcome-linked support that rewards water-use efficiency, balanced fertilisation, and low-emission practices at the farm level,” asserts Prof. Ramesh Chand, Member (Agriculture), NITI Aayog.

Dr Ashok Gulati, Infosys Chair Professor for Agriculture at the Indian Council for Research on International Economic Relations (ICRIER) and former Chairman, Commission for Agricultural Costs and Prices (CACP), echoes the call for digitally verifiable, efficiency-led support: “Linking direct benefit transfers with soil health cards, precision nutrient management, and diversified cropping will reduce fiscal stress while lifting total factor productivity across both rainfed and irrigated systems.”

The imperative is clear: Budget 2026 must transition from fragmented schemes to a coherent, science-led, productivity-centric agricultural strategy — a structural foundation for a globally competitive, climate-smart, and high-income Indian agriculture.

The Foundation of 2025: From Intent to Implementation