Budget 2026: India Eyes Major Reforms to Become Developed Nation by 2047

• India's economy shows strong growth, GDP surpasses $4 trillion, driven by domestic demand and simplified tax rules.
• Challenges include rising unemployment (7-8% in FY25), US tariffs, and a weakening rupee impacting imports and inflation.
• Budget 2026 must focus on growth reforms, addressing unemployment, and modernizing MSMEs with digitization and AI.
• Measures to boost consumption, simplify tax rules, and strengthen the private sector are crucial for self-reliance.
• The goal is to accelerate India's journey to becoming a developed nation by 2047.

Why It Matters: Budget 2026 is crucial for India's 2047 developed nation goal, balancing growth with addressing unemployment.