The Union Budget 2026–27 has received strong appreciation from political leaders across the country, with Uttarakhand Chief Minister Pushkar Singh Dhami describing it as a transformative financial roadmap that will strengthen India’s position as an emerging economic superpower. Speaking in Dehradun, the Chief Minister praised the budget presented by Union Finance Minister Nirmala Sitharaman under the leadership of Prime Minister Narendra Modi, stating that it reflects India’s journey from reform to performance and addresses the aspirations of citizens across all states.

CM Dhami emphasised that the Union Budget 2026 has been prepared by taking into account the specific requirements of every state, ensuring balanced regional development. According to him, the budget demonstrates the Centre’s commitment to cooperative federalism and inclusive growth. He noted that provisions in the budget aim to uplift every section of society, including farmers, youth, women, entrepreneurs, and marginalised communities.

Thanking Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, Pushkar Singh Dhami said the budget fulfils the aspirations and expectations of the people of the entire country. He highlighted that the budget promotes the philosophy of “local to global”, encouraging domestic production, strengthening grassroots entrepreneurship, and expanding India’s global economic footprint. The Chief Minister described the budget as welfare-oriented, growth-focused, and aligned with the long-term vision of building a developed India.

“This budget, under the leadership of Prime Minister Narendra Modi, is one that fulfils the aspirations and expectations of the people of India and helps realise the vision of a developed India,” Dhami said. He further added that the budget strengthens India’s standing as an emerging economic superpower, noting that the country has already become the world’s fourth-largest economy. According to him, the Union Budget 2026 provides a robust foundation for sustaining this momentum in the years ahead.

CM Dhami pointed out that the budget reflects economic confidence, fiscal responsibility, and strategic planning. He said the government’s approach ensures growth while maintaining discipline, enabling India to navigate global uncertainties effectively. The focus on welfare schemes, infrastructure development, and economic reforms, he noted, will accelerate India’s transformation into a globally competitive economy.

Earlier in the day, Finance Minister Nirmala Sitharaman presented a Rs 53.47 lakh crore Union Budget for the financial year 2026–27, marking an increase of 7.7 per cent over the current fiscal. While presenting the budget in the Lok Sabha, Sitharaman stated that the government remains committed to fiscal prudence and will meet the fiscal deficit target of 4.4 per cent of GDP for the current financial year.

The Finance Minister also shared key macroeconomic projections, stating that India’s GDP for FY 2026–27 is estimated at Rs 3,93,00,393 crore, which represents a 10 per cent increase over the Advance Estimates for FY 2025–26. She further noted that the debt-to-GDP ratio is estimated at 55.6 per cent, indicating steady progress towards long-term fiscal sustainability.

To finance the fiscal deficit, Sitharaman announced that net market borrowings from dated securities are estimated at Rs 11.7 lakh crore, with the remaining financing expected from small savings and other sources. The gross market borrowings are estimated at Rs 17.2 lakh crore, reflecting the government’s calibrated borrowing strategy to support growth while maintaining macroeconomic stability.

The Union Budget 2026 places strong emphasis on infrastructure development, manufacturing, employment generation, welfare schemes, and state-specific growth initiatives. According to CM Dhami, this balanced approach ensures that states like Uttarakhand receive adequate support for development while contributing to national progress. He highlighted that such a budget framework helps bridge regional disparities and promotes equitable growth across the country.

Analysts believe that the Union Budget 2026 reinforces India’s ambition to become a global economic powerhouse, supported by strong domestic fundamentals and policy continuity. The focus on local-to-global value chains, fiscal discipline, and inclusive welfare measures positions India favourably in a challenging global economic environment.

Pushkar Singh Dhami’s endorsement of the budget reflects broader political consensus on the need for long-term economic planning and inclusive development. By aligning state-level aspirations with national goals, the Union Budget 2026 seeks to create a unified development narrative that benefits both urban and rural populations.

Overall, the Union Budget 2026–27 stands out as a comprehensive financial blueprint that aims to strengthen India’s economic resilience, expand welfare coverage, and reinforce its status as an emerging economic superpower. With strong leadership, fiscal prudence, and a focus on inclusive growth, the budget lays the groundwork for India’s continued rise on the global economic stage while fulfilling the expectations of citizens across all states, including Uttarakhand.

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