Presenting the Union Budget 2026–27, Union Finance Minister Nirmala Sitharaman on Saturday said India’s economic journey over the past 12 years has been defined by stability, fiscal discipline, sustained growth and moderate inflation, even amid global uncertainty and repeated disruptions.

Addressing Parliament, she said these outcomes were the result of deliberate and consistent policy choices taken by the government since it assumed office.

Stability amid global uncertainty

Sitharaman said India’s economic trajectory has remained steady despite facing major global challenges, including financial volatility, geopolitical tensions and supply chain disruptions. She noted that maintaining macroeconomic stability during such periods required difficult but necessary decisions.

According to her, these choices helped insulate the Indian economy from severe shocks while ensuring continuity in growth and development.

Fiscal discipline and inflation control

The Finance Minister highlighted fiscal discipline as a cornerstone of the government’s economic strategy. She said prudent management of public finances and coordination with monetary policy authorities have helped keep inflation at moderate levels, protecting household purchasing power.

Economists note that controlling inflation while sustaining growth has been a key challenge globally, making India’s performance noteworthy in comparison to several major economies.

Sustained growth focus

Sitharaman said sustained economic growth has been driven by reforms, public investment and policy consistency. She added that long-term planning, rather than short-term responses, has shaped the government’s approach to economic management.

She emphasised that growth has been pursued alongside measures to strengthen resilience, improve infrastructure and expand opportunities for citizens across sectors.

Conscious policy choices

“These outcomes are the result of conscious choices we have made even in times of uncertainty and disruptions,” the Finance Minister said, underlining that policy decisions were guided by long-term national interest rather than immediate pressures.

As Budget 2026–27 proposals are rolled out, analysts say the emphasis on stability, discipline and continuity signals the government’s intent to maintain a predictable and resilient economic framework in the years ahead.