FM Sitharaman Defends Budget Amid Global Uncertainty, Rejects TN 'Ignored' Charge

Economy
C
CNBC TV18•02-02-2026, 21:10
FM Sitharaman Defends Budget Amid Global Uncertainty, Rejects TN 'Ignored' Charge
- •Finance Minister Nirmala Sitharaman defended the Union Budget 2026–27, emphasizing policy continuity despite global volatility.
- •She highlighted India's strong economic fundamentals and the unprecedented scale of current global uncertainties, which were factored into the Budget.
- •Sitharaman stressed that Part B of her Budget speech focused on long-term vision towards 2047, not just tax proposals.
- •Targeted measures for the textile sector were discussed, particularly to aid exporters affected by a 50% US tariff, with Tamil Nadu being significantly impacted.
- •She rejected allegations from Tamil Nadu CM MK Stalin of the state being ignored, citing substantial allocations under schemes like VB G Ram G Act and MNREGA, and investments in semiconductor manufacturing.
Why It Matters: FM Sitharaman defends Budget's long-term vision and equitable state allocations amidst global uncertainty.
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