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How govt navigates headwinds, challenges will shape the FY26 Budget

It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Sitharaman, rare in Indian polity

Countdown begins to Feb 1: FY26 Budget set to become a hallmark document
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Illustration: Ajay Mohanty

Asit Ranjan Mishra New Delhi

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On November 11, the finance ministry concluded the pre-Budget meetings with the financial advisors of different departments and ministries on the revised estimates for 2024-25 (FY25) and Budget estimates for FY26. Though the formal engagement of Finance Minister Nirmala Sitharaman with various stakeholders seeking their Budget wishlists is expected to begin next month, the Budget-making exercise is gaining momentum in North Block, the seat of the finance ministry in New Delhi.
 
It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Sitharaman, rare in Indian polity.
 
Though the FY26 Budget will come only six

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