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Challenges and opportunities loom in equal measure ahead of FY26 Budget

While the formal meetings of Finance Minister Nirmala Sitharaman with various stakeholders seeking their wishlist for Budget 2026 is expected to begin next month, the budget-making exercise is gaining

Nirmala Sitharaman, finance ministerm, Union Budget, Budget 2024
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Union Finance Minister Nirmala Sitharaman.

Asit Ranjan Mishra New Delhi

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On November 11, the finance ministry concluded its pre-Budget meetings with financial advisors of different departments and ministries on the revised estimates for FY25 and budget estimates for FY26. While the formal meetings of Finance Minister Nirmala Sitharaman with various stakeholders seeking their wishlists for Budget 2026 is expected to begin next month, the budget-making exercise is gaining momentum in North Block.   
 
It will be the second Budget of the Modi 3.0 government and the eighth straight Budget for Sitharaman, a rare distinction in Indian politics.   
 
Though the FY26 Budget will come just six months after the FY25

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