This special report provides a comprehensive analysis of the Union Budget 2026, presented by Finance Minister Nirmala Sitharaman. Host Rajdeep Sardesai leads a discussion featuring former Finance Minister P Chidambaram, former MoS Finance Jayant Sinha, and industry leaders including CII President Rajiv Memani, Naina Lal Kidwai, and Suman Sinha. The program examines the government’s economic strategy, focusing on the hike in capital expenditure to 12.2 lakh crore rupees and the impact of global headwinds and US tariffs. Chidambaram critiques the fiscal consolidation pace and the stagnation of manufacturing at 15% of the GDP. Key topics include the Securities Transaction Tax hike, the introduction of a rare earth corridor in Kerala, and increased defense allocations. The panel debates whether infrastructure spending and sunrise sectors can trigger private investment and job creation amid competition from China. This report evaluates the balance between fiscal deficit targets, urban development, and the execution of high-speed rail corridors within India’s economic roadmap.
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