Union Budget 2026 Overview: Government’s Long-Term Economic Vision | UPSC Prelims 2026

Описание: Union Budget 2026 Overview: Government’s Long-Term Economic Vision | UPSC Prelims 2026

Union Budget 2026 presents a clear shift in India’s economic approach, focusing on long-term stability rather than short-term populist measures. This Budget builds directly on the Economic Survey’s assessment and reflects the government’s evolving philosophy in a globally uncertain environment.

In this Budget 2026 overview, we break down the
core ideas shaping the Union Budget:

🔹 Action Over Ambivalence

Instead of launching multiple new schemes, the government has prioritised effective execution, timely implementation, and on-ground delivery of existing programmes. Governance is moving from announcements to outcomes.

🔹 Reform Over Rhetoric

Budget 2026 emphasises structural reforms, fiscal discipline, and policy credibility over symbolic or politically attractive promises. This aligns with recommendations from economists and constitutional bodies on sustaining economic growth.

🔹 People Over Populism

The government has consciously moved away from short-term freebies and vote-centric policies, focusing instead on capacity building,
participation, and empowerment. Citizens are envisioned as partners in development, not passive beneficiaries.

🔹 Long-Term Vision: Viksit Bharat @2047

The Budget supports the long-term goal of sustained 7% growth, controlled inflation, capital expenditure-led development, and trust-based governance. Public investment remains central while maintaining fiscal discipline.

📌 Why this matters for UPSC:

Prelims: Budget philosophy, capital expenditure, fiscal discipline

Mains GS-III: Growth vs populism, reforms, public investment

Essay: Development model, welfare vs empowerment, economic governance

This video helps aspirants understand not just what Budget 2026 announced, but why it was framed this way—a crucial skill for analytical answers.

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