New Delhi : For the first time in history the 9th union budget will be presented on Sunday by Finance Minister Nirmala Sitharaman at 11 am in Parliament.
Budget Speech consists of two parts- Part A and Part B. However, the Modi government is set to break the norm as per reports. This time the traditional budget speech is going to be quite different.
The Part A that primarily focuses on broader economic outlook and policy priorities, with detailed fiscal announcement and numerical data while Part B usually gets limited to taxation- direct & indirect tax slabs, brief of policy statements and concluding remarks will now have a new direction of articulation. Usually Part A used to be the centre of focus but this time it’s going to be reversed.
Government Sources say that this time Part B segment will take the Center stage as FM will focus on broader details. This part will not just be confined to tax proposals, rather it will envision a strategic outline for investors in the long run so as to keep in mind the vision of Viksit Bharat empowering India’s chariot of growth. The move is also because of geopolitical uncertainties hit by Trump’s tariff.
To comprehend the government’s stance on long-term economic strategy, analysts and policy experts are expected to pay close attention.
The deliberate choice of changing the conventional approach focuses strategic vision outlining a new chapter in How India sets its norm for economic and fiscal planning.