Union Budget 2025-26: Key Highlights, Economic Survey Insights & GDP Growth Projections : Finance Minister Nirmala Sitharaman is set to present the Union Budget for the eighth consecutive time. To prepare for this, she has been working continuously with key officials, including Finance Secretary Tuhinkant Pandey.
The Economic Survey, which reflects the performance of the country’s economy, has been prepared under the leadership of the Chief Economic Advisor and will be tabled in Parliament today (Friday). The Budget for the financial year 2025-28 will be presented on Saturday at 11 AM.
Reports suggest that the budget size could exceed ₹50 lakh crore. The formulation of this budget is taking place amid several challenges, including:
- Slowing economic growth
- Decline in the value of the Indian rupee against the US dollar
- Decreasing domestic consumer demand
For the financial year 2024-25, India’s GDP growth rate is projected to reach 6.4%, the lowest in four years. The last time such a low growth rate was recorded was during the COVID-19 crisis in 2019, which Finance Minister Nirmala Sitharaman handled effectively.
However, the current challenges include declining private investments and global economic uncertainty. Earlier this month, the rupee fell to a lifetime low of 86.7 against the US dollar and is currently at 86.62. The budget must introduce measures to stabilize the economy while maintaining the fiscal deficit target and strengthening growth.
Key Officials Involved in Budget Preparation:
- Revenue Secretary: Pandey
- Economic Affairs Secretary: Ajay Seth
- Expenditure Secretary: Manoj Goyal
- DIPAM Secretary: Arunish Chawla
- Financial Services Secretary: M. Nagaraju
- Chief Economic Advisor: V. Anantha Nageswaran
Key Highlights of Economic Survey & Union Budget 2025-28
| Category | Details |
|---|---|
| Event | Economic Survey (Today) & Union Budget (Tomorrow) |
| Finance Minister | Nirmala Sitharaman |
| Economic Survey | To be tabled in Parliament today (Friday) |
| Budget Announcement | Saturday, 11 AM |
| Estimated Budget Size | ₹50 lakh crore+ |
| Key Economic Challenges | – Slowing economic growth – Rupee depreciation against the US dollar – Declining private investments – Weak domestic consumer demand |
| GDP Growth Projection (2024-25) | 6.4% (Lowest in 4 years) |
| Impact of Rupee Depreciation | – Rupee fell to 86.7 against USD (Lifetime low) – Currently at 86.62 |
| Fiscal Target Focus | Maintain fiscal deficit control while boosting economic growth |
| Key Officials Involved in Budget Preparation | – Revenue Secretary: Pandey – Economic Affairs Secretary: Ajay Seth – Expenditure Secretary: Manoj Goyal – DIPAM Secretary: Arunish Chawla – Financial Services Secretary: M. Nagaraju – Chief Economic Advisor: V. Anantha Nageswaran |
The upcoming budget is expected to outline strategies to address economic challenges and boost growth while maintaining fiscal discipline.
Official website
https://financialservices.gov.in/beta/en
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Tag : Union Budget 2025-26: Key Highlights, Economic Survey Insights & GDP Growth Projections