FM Sitharaman Defends Budget Amid Global Uncertainty, Rejects TN 'Ignored' Charge
Economy
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CNBC TV1802-02-2026, 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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