Minister of State, Harsh Malhotra hails Union Budget 2026-27

Addressing media on the Union Budget 2026-27, the Minister of State for Ministry of Corporate Affairs and the Ministry of Road, Transport and Highways, Harsh Malhotra cited the first budget presented from the newly inaugurated Kartavya Bhawan, to be a historic milestone in India’s journey towards becoming a fully developed nation by 2047.

The Minister stated that the budget is rooted firmly in the Prime Minister, Shri Narendra Modi’s visionary roadmap for Viksit Bharat and lays the foundation for a resilient, inclusive and future-ready economy. Shri Malhotra further lauded the Finance Minister Smt. Nirmala Sitharaman, to be the first finance Minister to present the ninth consecutive budget of the nation reflecting continuity, stability and bold reforms to ensure that the aspirations of 140 crore Indians translate into meaningful growth and prosperity.

Shri Malhotra stated that the Union Budget 2026 is progressive, citizen-centric, and trust-based, emphasizing transparency and ease of living. He underscored the fact that over the past decade, the government has tripled the overall budget size while maintaining a lower fiscal deficit, demonstrating prudent financial management alongside ambitious development goals. Further, he cited a sixfold increase in capital expenditure and increased budget size by three times since 2014, fuelling infrastructure expansion, employment generation, and long-term economic productivity.(UPDATED ON 6TH FEB 2026)