Union Budget 2026 needs to focus on long-term vision to make Indian economy more resilient: Raghuram Rajan
The Hindu
Raghuram Rajan advocates for a long-term vision in India's 2026 Union Budget to enhance economic resilience and independence.
Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Wednesday (January 28, 2026) suggested that the upcoming Budget should be integrated with a longer-term vision to make the Indian economy more resilient and independent, while accelerating growth, as the world is passing through an 'extremely dangerous time'.
In an interview with PTI Videos, Mr. Rajan said that earlier, India had five-year plans, but even then, the country's Budget was not well integrated with them.
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"I think it (Union Budget for 2026-27) should be integrated with a longer-term vision. How do we become more resilient, more independent as an economy, but also fast growing, so that everybody else wants to be friends with India, that requires a fair amount of work, and I am hopeful that Finance Minister Nirmala Sitharaman's next Budget will take us there," he said.
Ms. Sitharaman will present the Union Budget on February 1, 2026, expected to include reform measures to shore up economic growth amid a volatile geopolitical situation.
Mr. Rajan said this is an 'extremely dangerous time' for both the global and the Indian economy, even as 'we are seeing lots of positive opportunities from the tremendous investment in Artificial Intelligence (AI)'.
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