Nirmala Sitharaman–Finance Minister | Nirmala Sitharaman will present her ninth budget on February 1. She has been serving as finance as well as the corporate affairs minister since 2019. Sitharaman, who entered national politics in 2008, also served as the defence minister between 2017 and 2019, becoming the first woman to hold that post full time. She holds a BA in Economics from Seethalakshmi Ramaswami College and an MA & MPhil in Economics from Jawaharlal Nehru University. Photo by Sanjeev Verma/Hindustan Times via Getty Images
Budget 2026
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Forbes India28-01-2026, 15:36

Meet the Brains Behind India's Union Budget: Key Officials Revealed

  • Nirmala Sitharaman, Finance Minister, will present her ninth budget on February 1, having served as FM and Corporate Affairs Minister since 2019.
  • Arvind Shrivastava (Revenue Secretary) and Anuradha Thakur (Economic Affairs Secretary) are first-time budget architects, handling taxes and economic administration respectively.
  • M Nagaraju (Financial Services Secretary) oversees public sector banks, insurance, and pension institutions, focusing on credit growth and social security.
  • Vumlunmang Vualnam (Expenditure Secretary) is the 'guardian of the purse', managing government spending, subsidy rationalisation, and fiscal discipline.
  • K Moses Chalai (Public Enterprises Secretary) and Arunish Chawla (DIPAM Secretary) manage capital expenditure, asset monetisation, and the government's disinvestment agenda.

Why It Matters: Key officials, led by Finance Minister Nirmala Sitharaman, are set to shape India's upcoming Union Budget.

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