Nirmala: PM’s ‘no policy ping-pong’ doctrine anchors Budget
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New Delhi: Prime Minister Narendra Modi’s emphasis on avoiding “policy ping-pong” has shaped the Union Budget 2026-27, which is anchored in policy stability while laying the pathways for the long-term vision of a ‘Viksit Bharat’ at its core, Finance Minister Nirmala Sitharaman said.
Framed as the first Budget of a new five-year fiscal cycle and the second quarter of the 21st century, it prioritises capital expenditure, infrastructure expansion and structural reforms over populist measures, while maintaining fiscal discipline. By emphasising predictable policymaking, sustained investment and multi-year planning extending to 2047 and beyond, the Budget seeks to strengthen economic resilience, crowd in private investment and position India for durable, export-led growth. “People want stability, and that is why they have elected Prime Minister Modi for the third time. Stability is inherent in that vote, and it is equally reflected in the way policies are executed through successive budgets,” Sitharaman said.
